My point exactly.
If people looked at reality rather than headlines, there would be far fewer people in the mess they are in now.
No point jumping on a bandwagon just because one passes your door - do your own thinking...
There are VI's on the upside, VI's on the downside and both sides will spout nonsence on any given day - make an informed choice based on your own financial circumatances.
Regarding the OP - If they got approval for the mortgage you mention, they must have very secure employment and a very healthy credit profile. Perhaps they have more money than they are letting on, or are not telling you they whole story regarding their finances?
If people looked at reality rather than headlines, there would be far fewer people in the mess they are in now.
No point jumping on a bandwagon just because one passes your door - do your own thinking...
There are VI's on the upside, VI's on the downside and both sides will spout nonsence on any given day - make an informed choice based on your own financial circumatances.
Regarding the OP - If they got approval for the mortgage you mention, they must have very secure employment and a very healthy credit profile. Perhaps they have more money than they are letting on, or are not telling you they whole story regarding their finances?