When homeowners consider equity loans, the lender will consider the equity built in the home. If the home is not worth the amount applied for, the homeowner will pay higher rates of interest and mortgage payments. Thus, the equity if negative is considered a higher risk than positive equity. Still, the equity is factored by current market value, value of the home, and so forth to determine the risks.
Lenders put risk first often since large sums of cash are involved. First time buyers are offered various types of loans, but are often high-risk candidates simply because equity is non-existing until the closing is final. First time buyers searching for home loans will be rated by their credit history,employment, age, gender, the area considered to reside in, and so forth. If the buyer has excellent credit, this is a plus to the lender.
The lender will often help the borrower by finding adequate rates of interest and may even suggest a loan that would benefit the borrower moreso than other loans. Thus, when equity exists, this takes a bit of the load off the lender; however, if the home has negative equity, then the lender isthreatened.
Therefore, if the lender suggests that your home has negative equity, you may want to request a surveyor to test the homes value to confirm that the lender is realistic. The surveyor will help you to determine the equity on your home, and if negative equity exist due to a drop in market value, youmay want to negotiate with the lender, however, if negative equity exists due to structural damage, mites, or other damage to the property, you may want to consider a different amount of loan to borrow.
If you want to understand the Woke ideology, you have to admit that you’re not ready to understand Woke ideology. Everyone knows that the Woke use terminology with their own inventive and biased definitions, but understanding that terminology requires understanding how the Woke think about the world. It isn’t possible to understand concepts like “diversity,” “inclusion,” and “equity” without first understanding that the Woke see everything in the world through a particular lens of power.
When you do understand how the Woke see the world and thus how they use language to their advantage, you’ll also understand how we’re all being played. Diversity gets revealed as a program to concentrate resources, influence, status, and power in the hands of Woke Critical Theorists while disempowering everyone else. Inclusion is comprehensible as restricted speech, intentional segregation, and a justification to concentrate their idea of “diversity.” Equity is the goal, which has to be understood as a combination of affirmative action and reparations used to redistribute resources and engineer outcomes in the name of correcting past injustices.
Everything can be threatened by this change of context in our language to one that interprets everything through “systemic power dynamics.” Our contracts, our laws, and even our Constitution can all be reinterpreted to mean something completely different without having to change a single word through this Woke manipulation of language. Join James Lindsay as he walks you through the Woke mindset and how it can, and will, be used to turn our societies’ core principles back against them.
The Great Awokening Conference, Session 2
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