Warning: snarky bitchfest coming on..... So, I just got off the phone with another mortgage broker who told me the same thing as the other 3 I applied through. I can not get approved for any size mortgage on any property because I ,"have no credit history." You would think that having paid off three cars and a couple of educational loans as well as never being late on paying for insurance and utilities would count for something!!?? My parents and teachers at school brought me up on the belief that whenever you keep making payments on utilities or a loan on time and eventually pay it off, this reflects very favorably on your credit record and you are much more eligible for a mortgage. These beliefs were correct back in my school days. It seems that the rules have changed and I am now attempting to hit a moving target. Many of the folks I have talked to about this have now told me that you need to have at least a couple of credit cards in active use for over a year as well as some sort of loan being paid off for it to reflect positively on my credit report. Basically you have to be in debt in order to put yourself further into debt! How the heck does this make sense??!! It angers me because it reflects how corrupt our financial systems have become. Those of us who have been responsible with their debts have nothing to show for it because financial companies don't make as much money off of them as they do off of interest, late fees and balloon payments from people who use the system poorly. I am gaining a better understanding of why usury was either discouraged or viewed as a sin in some cultures.
So now I have to feed this corrupt system and play the game their way to buy a home. Time to get another secured loan and a couple of unreasonably high APR credit cards and use them conservatively from month to month. I have been advised that if I use them wisely over the next year, it will supposedly make my credit look far more favorable to mortgage companies. It may be for naught because many common projections theorize that mortgages will be much harder to obtain by then. Oh joy! >:-( OK, I am done with my complaining.
One of the things that I have been wrestling with lately is the Peace Testimony which is so prevalent in the Quaker circles where I circulate. The environment I was brought up in had elements of that which is reactionary and occasionally vindictive, so it is hard for me to wrap my mind around this new (to me) way of thinking. Yet choosing to follow the way of peace has been of great benefit to me and others in my life over the past year. It is by no small coincidence that I have begun to let go of struggles with adversarial people in my life; choosing instead to understand them and do what I can to receive them as a human being and treat them kindly while not acknowledging or supporting what I view to be their troublesome personality traits. As a result I have way less enemies and more friendly people surrounding me. My view of life and society is slowly evolving into one which is less negative. I have come to know that the Peace Testimony has to be applied and known intimately on a much smaller, personal level before it can be more broadly applied within society and the human race. It all starts with intent and conscious choice on the part of the individual. This may sound like very basic thinking to some, but for me it is all new.