How do you stay on top of lenders changing programs and rates?
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[{"id": "igsbzr2", "text": "I work as a lender and it is still difficult dealing with the investor (loan buyers) market with changes every month. Just had to reduce LTV on some loan programs and raise rates. \nI'm guiding borrowers to get us all their info in before month end when the Fed raises rates again.\n\nThe best way to know what is going on is to be active in the market.\n\nOther than that is to realize the aggressive highly leveraged loans with generous interest only terms are starting to go away.\n\nOn the back end, loan exist tests with high interest rates at exit are becoming more of a factor as well that is rarely addressed by your typically commercial mortgage broker.", "replies": [], "depth": 1}, {"id": "igt1i7i", "text": "Just stay active in the market. Good brokers will know as well. We are constantly having calls with brokers just to give guidance on what to expect as our Leverage and prices shift", "replies": [], "depth": 1}]