With people in despair and panicking about the future, what should you do?
Me? I’m not going to worry about it. Even though recent reports are stating that banks aren’t lending, with the rate cut and the percentage on deposits the way they are…banks are making money from loans. Anytime banks make money, they’re lending.
So if you’re holding off on getting mortgage quotes because you fear banks won’t lend, it’s just not true. Banks are lending and people are getting things they need (like houses and cars) on credit.
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