"Points" on a new lot loan

[SHELLY]

Currently, the banks are not so quick to give interest only lot loans. I work closely with a few banks, and they are much tighter now, which is a good thing IMO.

Yesterday the Fed waived another red flag at the lenders of residental AND commerial money. If they heed the Fed's warning (and they will) the speculative buying will cease and prices will level and some (especially condos) will drop.

http://www.washingtonpost.com/wp-dyn/content/article/2005/10/12/AR2005101200949.html

 

[Bob]

Like all GA grads you have the answer for everything .

be careful as that yield difference changes w/ the term o" loan.