LENDING PROGRAMS ARE LOOSENING BACK UP & RATES COMING BACK DOWN?
David here, broker and one of the mortgage planners at The GreenHouse group. I wanted to catch you guys up because as we are seeing, a lot of areas of life get back to normal, things are opening back up again. 🏠💥
That is also true in the wholesale lending world. So last year, everything tightened up😷. Several programs were suspended or went away for good, and now we’re starting to see a lot of things come back to normal. We’re seeing some products that we didn’t even have pre-pandemic.
So, for example, we’ve got some jumbo financing💰 right now that will go up to 90 percent. We’ve got manufactured home financing💵, which is a brand new product for use on the wholesale side, and we’ve got rates that are settling back down. So, if you thought you missed your reify window when rates started to go up back in February, things are settling back down and it is a good opportunity to look at what your options are.
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