Quote:
Originally Posted by eDave
This boom is a supply and demand issue that is likely to linger until new home starts get going again, when lumber costs come back down.
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Yep, pure supply/demand issue here.
No one is getting mortgage loans that the banks know you cant afford as it was in 2008.
I refinanced recently with the same company that has the current loan to take advantage of the lower rates. If I'm an idiot and not pay my mortgage. I'd lose $100'sK. They get that profit. It's a win/win for them. They still ran me through the ringer of paperwork.