Once Burned, Twice Shy? - 11/01/08 11:38 AM
I was listening to NPR this morning and a financial person of one kind or another was expressing his idea that lowering  the interbank rate was a bad thing, as that would encourage the kind of bad loans that got us into this credit mess in the first place.
I know a few lenders, and they are now, at least here in Minnesota, MUCH more careful about qualifying buyers.  Underwriting has undergone a sea-change, and lenders know enough to be careful. 
Me?  I'm glad rates may go even lower.  There are plenty of buyers for whom a lower rate will be enough to … (0 comments)

 

Jim Scheller - ABR, SRS, e-Pro, GRI

Mankato, MN

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Bridge Realty - Mankato

Address: 122 South Riverfront Drive, Mankato, MN, 56001

Office Phone: (507) 344-5200

Cell Phone: (507) 317-0177

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