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re: Realistic outlook for the real estate market?
Posted on 4/14/20 at 4:47 pm to MrLSU
Posted on 4/14/20 at 4:47 pm to MrLSU
NOTHING is going belly up. Nothing. Fed dumping trillions upon trillions into any TBTF Financial Services Company. ONLY qualification is that the company CANNOT be a Small Business.
1
Posted on 4/15/20 at 1:01 pm to PUB
Another nugget from a SunTrust lender. See a pattern forming?
“I hope everyone is staying safe. The lending landscape is definitely changing, but as long as you have 5% to 10% down, I think that you will be safe from the changes thus far. They have not told us any more major changes as of right now outside of 100% financing scenarios. While I don’t anticipate anything that will affect things in your situation, these are unchartered waters. I can only say that from what we are told thus far. Those with 5 to 10% down (depending on sales price of course), should not have any major changes at this point from what they are saying.
Sorry that I cannot give more definite answers, but I do believe that we are committed to these physician loans. So, I think that we are safe thus far especially if able to put 10% down.”
Thank you
“I hope everyone is staying safe. The lending landscape is definitely changing, but as long as you have 5% to 10% down, I think that you will be safe from the changes thus far. They have not told us any more major changes as of right now outside of 100% financing scenarios. While I don’t anticipate anything that will affect things in your situation, these are unchartered waters. I can only say that from what we are told thus far. Those with 5 to 10% down (depending on sales price of course), should not have any major changes at this point from what they are saying.
Sorry that I cannot give more definite answers, but I do believe that we are committed to these physician loans. So, I think that we are safe thus far especially if able to put 10% down.”
Thank you
This post was edited on 4/15/20 at 1:02 pm
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