I AM A BOND ORIGINATOR AND DEALS WITH BANKS ON A DAILY BASIS. MANY PEOPLE ARE BEING DENIED THE OPPORTUNITY TO OWN PROPERTY DUE TO THEIR CREDIT RECORD. BANKS WILL NOT CONSIDER YOUR APPLICATION IF YOU HAVE NO DEBT. BANKS WILL VIEW YOU AS A CREDIT RISK. IN OTHER WORDS, YOU NEED DEBT, BUT IT NEEDS TO BE AN OMO CLEAN RECORD. FOR SELF EMPLOYED PEOPLE IT IS EVEN WORSE TO QUALIFY FOR A HOME LOAN. BANKS ARE DECLARING THAT THEY DO 100% LOANS, BUT IN FACT ONLY 10% OF APPLICANTS ARE GRANTED 100% LOANS. IN SOME INSTANCES A BANK WILL APPROVE A LOAN, BUT WILL OFF SET THE "RISK" AGAINST AN INTEREST RATE OF PRIME PLUS. IN SOME INSTANCES AS HIGH AS PRIME + 5%! I CALL THIS ROBBERY, BUT I SUPPOSE, IF YOU HAVE THE MONOPOLY, YOU CAN DO WHAT YOU WANT. BANKS CURRENTLY HAVE THE ATTITUDE,IF YOU WANT THE PLEASURE DEALING WITH US, YOU CAN'T EXPECT ANY FAVOURS FROM US, THEREFORE PAY UP! IF YOU HAVE ANY PROPERTY FINANCE RELATED QUESTIONS OR COMMENTS, I WOULD LIKE TO HEAR FROM YOU.