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Personal Finances / Buying or Selling a Home

URL:  https://boards.fool.com/no-just-a-more-expensive-thing-in-my-34305864.aspx

Subject:  Re: Mortgage Date:  9/29/2019  5:15 PM
Author:  DrTarr Number:  129258 of 129288

No, just a more expensive thing, in my experience.

Yes, some times, for some lenders, more perceived risk means reward/price goes up accordingly. IMHO sometime they believe they have a captive audience. Balance sheet lenders offer these to take care of clients long term and a few have small loan adjusters. Sometimes offset by the discount for assets at that level. Some just see the irony of; in order to lend on assets you have to make the client demonstrate they are actually depleting those assets! Or the silliness in; if a client has amassed $10MM and can pay for the house with cash, jacking up the price on a $1MM mortgage when there is really no "incremental" risk.

d(client friendly)/dTarr
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