Absa allows mortgage skip

The_Librarian said:
It'll actually encourage people to get HIV, so that they'll have an convenient excuse just to skip payments. I'm not attacking HIV people, just pointing out the obvious - because people will do anything in order to make money. Can you say fraud? Because somebody will purport to be HIV+ in order to skip payments whilst that same person are not even HIV+ at all.
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You cannot seriously suggest people would actually go out & get HIV just so they have reason/excuse to skip on their mortgage payments...

This is the most thoughtless post I have see on this forum for a really long time...
 
R13... said:
You cannot seriously suggest people would actually go out & get HIV just so they have reason/excuse to skip on their mortgage payments...

This is the most thoughtless post I have see on this forum for a really long time...
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Read my post on top.

Why is that such a strange concept?
We have to believe people steal and murder because they are hungry. Why would this be different?
 
Mila said:
Read my post on top.

Why is that such a strange concept?
We have to believe people steal and murder because they are hungry. Why would this be different?
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Let me see the logic:
You wake up & realise you can't (or don't want to) make your mortgage repayments.
Then it hits you! Hey, I could just get HIV! Someone said it on myBB, that should get me off:)
So you get HIV & wait for the 10 or so years before you get sick... voilà! No more loan payments...
Forward thinking FTW! NOT!
 
R13... said:
You cannot seriously suggest people would actually go out & get HIV just so they have reason/excuse to skip on their mortgage payments...

This is the most thoughtless post I have see on this forum for a really long time...
Click to expand...

Thoughtless it may seem to you but what if somebody fake his/her HIV status just to be eligible?
 
The_Librarian said:
Thoughtless it may seem to you but what if somebody fake his/her HIV status just to be eligible?
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"Thoughtless" doesn't begin describe it. This is starting to remind me of that bit in The Office where Gareth proposes a fake fire alarm to make sure the disabled people getting benefits are really disabled...
 
R13... said:
Let me see the logic:
You wake up & realise you can't (or don't want to) make your mortgage repayments.
Then it hits you! Hey, I could just get HIV! Someone said it on myBB, that should get me off:)
So you get HIV & wait for the 10 or so years before you get sick... voilà! No more loan payments...
Forward thinking FTW! NOT!
Click to expand...
I was thinking more in the line of... oh look I have an home loan and HIV..
But why is that such a strange concept?


The_Librarian said:
Thoughtless it may seem to you but what if somebody fake his/her HIV status just to be eligible?
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Libs that is not possible they can only fake licenses, id's passports, Grade 12 certificates and weapon licenses.
 
dlk001 said:
Many places offer Income Protector Insurance which covers a person against loss of income due to dread deceases. Don't you think Aids should be covered too?
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Oke cool. Good to know. Thanx.
Why then just poor people with HIV and not all HIV people?
 
JHatman said:
Banks are no better than Nazi death camps, they will strip you of everything you have before sending you to the gas chamber. Anybody who's ever owed a bank money knows exactly what I'm talking about. These guys are savages, they'll steal your money and literally laugh all the way to the bank.
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Anyone who's worked for a bank will know that that's BS. Ripped-off customers aren't customers any more.
 
Mila said:
I was thinking more in the line of... oh look I have an home loan and HIV..
But why is that such a strange concept?
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My initial post was in replies to The Librarian's suggestion that this would encourage people to go & get themselves infected! People who buy are people who plan their future & I don't think someone with that much forethought would plan to get HIV as part of their future plans. It's simple logic, why is it so hard to grasp!
What concept?
 
Mila said:
Oke cool. Good to know. Thanx.
Why then just poor people with HIV and not all HIV people?
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Its a good question. Maybe we should wait for ABSA to clarify that question. I'm sure someone like Chris Gibbons from Talk 702 will pickup on this story. I have an Income Protector from Liberty and Professional Provident Society which is exclusive to higher income class and/or professional graduates. Maybe ABSA has identified a gap and has come up with a suitable product. Of cause we all know nothing is for Mahala (free)!
 
Mila said:
Yes I agree.
But what has that got to do with a home loan?
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Even if they might have HIV they still deserve the right to shelter, provided they can afford it. I don't see why not devise measures that would help them cope. Once you have HIV you cannot turn back time and not have HIV again. Should we now make it extra hard for people who already have HIV just so that we can teach a lesson to those that do no have HIV?

I just hope those that are so against this do whatever it takes in order not to contract HIV. Further still, may the good lord be with them so that they never get betrayed by those they love and trust and end up with HIV through not fault of their own.
 
@Mila

Mila said:
?? I missed you??
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Claymore said:
What I'm saying is: if you think they're getting unfair privileges, would you be happy to put yourself in their place?
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I must say Mila, it sounds like you're having MAJOR sour grapes because you're healthy and not dying from an incurable disease and yet you still have to pay your mortgage in full every month. Life must be tough, ey? You can go into the ignore list for a while.

The_Librarian said:
It'll actually encourage people to get HIV, so that they'll have an convenient excuse just to skip payments.
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This ... "person" would be joining you except it seems you can't ignore mods. What a shame.
 
Claymore said:
What I'm saying is: if you think they're getting unfair privileges, would you be happy to put yourself in their place?
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But why should this only apply to them?


R13... said:
My initial post was in replies to The Librarian's suggestion that this would encourage people to go & get themselves infected! People who buy are people who plan their future & I don't think someone with that much forethought would plan to get HIV as part of their future plans. It's simple logic, why is it so hard to grasp!
What concept?
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But People with HIV can live for years, and some have already bought homes. You get sick and doctors fix you up again, till you get next years flu.

The concept I'm talking about is there is better grants and help for poor people with HIV than poor people with out HIV, why would you bother with protection and precation?

According to Absa, it has sourced insurance to cover mortgage instalments for lower-income customers unable to work due to Aids-related diseases as part of its 110% MyHome home loan offering.

The product will now also be available to households earning less than R15 142 per month, up from R11 000.
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You quallify for a 110% bond, and they cover you when you get sick. Why not say that they will give HIV free clients 110% bonds? That sounds like encouragement to me.
So your house is over finaced and you have a get out of jail free card.

And say you die early and the bank gives the bond to the next person for 110%

Now the house is already valued at 20% over market value.

Who will take on the costs? The higher income people and they have no benifits HIV or not.
 
grayston said:
@Mila





I must say Mila, it sounds like you're having MAJOR sour grapes because you're healthy and not dying from an incurable disease and yet you still have to pay your mortgage in full every month. Life must be tough, ey? You can go into the ignore list for a while.



This ... "person" would be joining you except it seems you can't ignore mods. What a shame.
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So I'm asking the hard questions again?:rolleyes:
Someone pays in the end and it's not going to be the poor HIV sufferers. Who do you think is paying the government?

But I know you can not see my question. :D
 
Mila said:
So I'm asking the hard questions again?:rolleyes:
Someone pays in the end and it's not going to be the poor HIV sufferers. Who do you think is paying the government?

But I know you can not see my question. :D
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As someone said before, no one is stopping you from becoming poor and HIV+. If you feel so peeved about this then go for it.
 
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