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Lending is Back - Fall 2013
The banking industry took it on the chin during the Great Recession.
The banking industry took it on the chin during the Great Recession. The banks around today weathered a perfect storm, survived and are back lending. The banking community is most interested in lending on owner occupied properties but we are also seeing some investor programs. A few lenders are even considering vacant land loans provided the terms align within their parameters. The prize – if you qualify - the interest rates! WOW- 4-5% money! Who would have thought 20-years ago that interest rates would be this low?