But banks don't loan "money" they already have, they sell (our) securities. They sell the security we (the people) create when we sign a single signature security. There is no two signature loan contract between you and the bank officer to loan us $ they already have. Our signature is more valuable than we could possibly imagine. We, through our signature are the actual source of the funding for our own mortgages so, our signature gave them the security they needed to create the money for our mortgage. Your credit score is how good you are at paying back the $ to them that you (unknowingly) created.
But banks don't loan "money" they already have, they sell (our) securities. They sell the security we (the people) create when we sign a single signature security. There is no two signature loan contract between you and the bank officer to loan us $ they already have. Our signature is more valuable than we could possibly imagine. We, through our signature are the actual source of the funding for our own mortgages so, our signature gave them the security they needed to create the money for our mortgage. Your credit score is how good you are at paying back the $ to them that you (unknowingly) created.