10 solution: Percieved risk = high rates
- 10/26/07 07:25 AM
I should add to my earlier posting that when lenders perceive greater risk they respond with higher rates. As much as we don't like that, it's their football. The most important thing we can do is reduce that perceived risk. for example... Too many people today don't have savings. If someone is planning to buy a home, think about applying the 10% solution. Start putting away 10% of your income as soon as you get your paycheck. This kind of discipline is simple but - often - not so easy. Stick with it! Particularly in the case of 1st time buyers, the first step is to … (0 comments)
I should add to my earlier posting that when lenders perceive greater risk they respond with higher rates. ;)
;)
