I was asked a question from a customer recently that I had not considered, ‘can I still get a loan?’ I say I had not considered it because I had taken it for granted that everyone knew that loans were still readily available to customers who have good credit and a downpayment (around 5% for these folks).

These are rational people who have heard about a credit crunch and believed, as I now think many do, that home loans are difficult to acquire. After our conversation they promptly bought a house with no lender issues what-so-ever.

Reminds me of the old saying about assuming (haha).

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