2008-06-12 — ireport.com
I have prefect credit scores, never had a late payment of any kind and an excellent income. The problem is: the down payment!
It seems, because of this mortgage mess, borrowing against my own property is OUT OF THE QUESTION.
Most people don't realize that banks themselves are short on cash, and simply cannot extend broad classes of credit that they used to. There is tons of "collateral damage" -- which is why blowing a bubble in the first place is such a bad idea.
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