Lending is Back - Fall 2013

The banking industry took it on the chin during the Great Recession.  The banks around today weathered a perfect storm, survived and are back lending.   The banking community is most interested in lending on owner occupied properties but we are also seeing some investor programs.  A few lenders are even considering vacant land loans provided the terms align within their parameters.  The prize – if you qualify - the interest rates! WOW- 4-5% money!  Who would have thought 20-years ago that interest rates would be this low?