Loan Rates are great, very good, some of the best rates I’ve seen in a long time, but, getting that rate is a different story. I’ve seen this time and time again, clients with great credit history and good ratios can’t quite get that rate that was advertised because the products aren’t there when they need it. Hat tip to Spencer Anglin for telling me about this article in the Denver Post that explains it.
Just remember that those rates look good, and chances are they are only going to go higher because the products are going to go away.
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