Proof that Subprime Has Nothing To Do With Beach Homes
How about some bookmark love? ::
Client: I would like to buy a home by the beach.
Me: If you are going to borrow money, you should get a rate locked in soon because your purchase power is weakening.
Client: My purchase power is fine, I don't need a rate lock, I don't care about getting a loan. I make more money than I intend to spend, now let's go find that house.
Just because subprime loans were ugly:
that doesn't have anything to do with the high-end market that will move at it's own pace:
Me: If you are going to borrow money, you should get a rate locked in soon because your purchase power is weakening.
Client: My purchase power is fine, I don't need a rate lock, I don't care about getting a loan. I make more money than I intend to spend, now let's go find that house.
Just because subprime loans were ugly:
that doesn't have anything to do with the high-end market that will move at it's own pace:
