The construction loan market has officially slowed down and even though banks are continuing to tighten their guidelines banks are wanting business. Banks are wanting quality loans with excellent credit, cash equity, down payments, liquid assets etc. These are the same guidelines that were required 10 years ago before the recent real estate boom. Even though things have stepped back into good old fashioned credit risk criteria technology is still changing the future of lending with paperless speed and internet technology.

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Tags: construction loans

This entry was posted on Wednesday, November 14th, 2007 at 1:13 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.