Personally, I find the loan portion of RE to be the sleasiest part. Maybe I just need better bankers, but in the past, you have to double check every number and terms on signing day or you find a different rate, penalty clause, higher fees, extra fees, etc.
I’m wondering if SD has the same kinds of advertisements showing up in the busines and marketplace sections as we do in OC. Nice little box ads: “Be The Bank” “Beat The Bank” make 11-15% secured by real estate etc, for directs sales of Option Arms to “investors”.
I haven’t noticed them before in the OC, but it pretty tells you what the major market tolerance is for them.
