Doesn’t the bank have the right to refuse to grant a mortgage in the first place... | Hacker News

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		pedrosorio on July 16, 2023 \| parent \| context \| favorite \| on: Homebuyers must ‘learn to live’ with near-7% mortg... Doesn’t the bank have the right to refuse to grant a mortgage in the first place, depending on the asset? It’s not like you tell them you’re buying a house worth x and they give you a mortgage for 0.8x, right?

Gibbon1 on July 17, 2023 [–]

Banks are heavily regulated and aren't loaning out their own money.

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