Has anyone been having problems with their clients getting loans or refinancing from banks especially when the banks are saying that their that debt to income ratio currently excedes the amount that the bank will approve. I currently had one client who was 1% over what the bank would allow. They wouldnt approve the loan for the stinking little 1 % difference. Thats like nothing. I remember when banks where financing 125% over the cost of the properties. The banks where also doing that on car loans. So now the are being very strict about who they give their money to.
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