This just in; it is rumored that banks and finance companies will be renaming mortgage loans more simply as "home loans" in their marketing to help potential buyers who are still getting used to the idea of actually owning land or property of their own with a contract; people who may have struggled with the concept for some unknown anthropological reason while they do own vehicles under car loans. You bought a $115000.00 vehicle for business with a Car Loan. You heard a guy is buying a house and someone says "....if you give me $ 40,000.00, you can own....just write it on your... computer so you...don't forget." Who did you give the money to and did he have title ownership to the property to make any agreement...and did you expect him to give the money to the guy you knew was buying and owning and did you tell the guy who was buying what you did and if not why be angry when you did not get any money back? Why harass the guy who has no idea what you did? Did you try to buy the Manhattan Bridge but you never got anything in writing? It's been twenty years now since you did these stupid things...you never spoke to the guy about the house that is now sold or tell him what you did but you want to see how much he sold it for....and you threaten to dig up his bed where lives to see if there is a copy of the contract and what he did or did not get on the sale. This is not to make you feel stupid but you are just very wrong. His down payment was smaller than what you lost in your way...and you should not harass the lawyer to ask how much he sold it for. You will be arrested. Are you going to break into a woman's home and mug her to use her bank card and hope to get your money and why would you when you never gave her your money? Who did you give your money to? You need to ask that person for your money even if he says he is God to you and the world all day long?
We can help people like this with a loan that is now called simply a home loan. You take a car loan, scratch out the word car and put home as in "home loan."
If you had received the same benefit as the Ottawa people or the Oshawa people from 14 years old in 1983, by the time you turned 25 in in 1994, you would ahe been able to buy one property without a mortgage/ hone loan. It out have been a two bed condo for $130,000.00 back then with a parking space. You would have made a 95% down payment.
Then you would have paid the 5% difference to the builder on the completion of the unit on the final date for closing; without a home loan.
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