Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
Life After Brown
Personal Finances
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="klein" data-source="post: 587315" data-attributes="member: 23950"><p>I can tell you a true story. When I moved here from Germany in 1987, thats when I got my first Canadian Social Insurance number (you call it Social security).</p><p>I was 27.</p><p>One year later , with no bills on my name at all, no credit card, I needed $2000.00 for moving expenses (was moving out from my brothers place).</p><p> </p><p>Went to the loan officer at a bank.. she checked my credit (equifax), and said, no problem, you have excellent top credit , and if I was ever to buy a house, just go see her. (I was totally amazed, since I never had credit before).</p><p> </p><p>Maybe times have changed by now.</p><p>But, don't forget, a lot of teens get credit cards now, with a low max, and if they screw that up, - then you need to rebuild !</p><p> </p><p>In your stepsons case, like I said, times have probably changed.</p><p>Besides, in those times, a minmal downpayment on a house was 10%, it has since been reduced to 5% for first time home buyers.</p></blockquote><p></p>
[QUOTE="klein, post: 587315, member: 23950"] I can tell you a true story. When I moved here from Germany in 1987, thats when I got my first Canadian Social Insurance number (you call it Social security). I was 27. One year later , with no bills on my name at all, no credit card, I needed $2000.00 for moving expenses (was moving out from my brothers place). Went to the loan officer at a bank.. she checked my credit (equifax), and said, no problem, you have excellent top credit , and if I was ever to buy a house, just go see her. (I was totally amazed, since I never had credit before). Maybe times have changed by now. But, don't forget, a lot of teens get credit cards now, with a low max, and if they screw that up, - then you need to rebuild ! In your stepsons case, like I said, times have probably changed. Besides, in those times, a minmal downpayment on a house was 10%, it has since been reduced to 5% for first time home buyers. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
Life After Brown
Personal Finances
Top