Seatlle Real Estate Financing 101
March 14th, 2008
Back in the day when banks were the only lenders in the business, getting a loan in the Seatlle Real Estate area meant getting an appointment with the bank manager. You’d sit there for some minutes, feeling like you’re facing the school headmaster and bracing yourself for humiliation. It is then such a relief that these days, things aren’t so bad.
Banks used to have the market for personal loans all to themselves. This is because they were the only business entities that could offer personal loans. And because of this, they charge you extortionate rates, confident in the knowledge that the borrower has no other choice. Well, it’s a little different now. The market is open, which means that banks are no longer the only ones from whom you can get your personal loan. There are loads of places where you can apply for personal loans. And because of the increase in supply of consumer credit, the rates have become increasingly competitive.
Entry Filed under: Business