In this episode we are joined by Damon, a Real Estate Private Equity Associate, and Finance Whizkid Kia.
We sat down and discussed the relationship between personal credit history and the likelihood of obtaining a mortgage.
Topics of discussion included:
• Causes of good and bad credit
• Types of mortgage and how the bank decides how much they’re prepared to lend
• Implications of a bank going bust
• Racial undertones of the lending industry
• Long-term renting vs mortgage credit risk
• Stigmas and attitudes towards mortgages