Discover and read the best of Twitter Threads about #refinance
Most recents (5)
Today is an hot day, not only for temperatures, but also for economic data.
Follow me meanwhile I unroll all the new prints we had today
Super important thread on #inflation and the #housing #market
Lot of metrics to cover, get comfortable and get ready
🤓🧵
Follow me meanwhile I unroll all the new prints we had today
Super important thread on #inflation and the #housing #market
Lot of metrics to cover, get comfortable and get ready
🤓🧵
#CPI prints:
#UK YoY
Actual
9.4%
Forecast
9.3%
Previous
9.1%
#UK MoM
Actual
0.8%
Forecast
0.7%
Previous
0.7%
#Canada YoY
Actual
8.1%
Forecast
8.4%
Previous
7.7%
#Canada MoM
Actual
0.7%
Forecast
0.9%
Previous
1.4%
Let's unpack it briefly
#UK YoY
Actual
9.4%
Forecast
9.3%
Previous
9.1%
#UK MoM
Actual
0.8%
Forecast
0.7%
Previous
0.7%
#Canada YoY
Actual
8.1%
Forecast
8.4%
Previous
7.7%
#Canada MoM
Actual
0.7%
Forecast
0.9%
Previous
1.4%
Let's unpack it briefly
With a 9.4% UK finds itself on the firsts European (continent) Countries that are approaching double digits #inflation, and with the lack of haste in interventions on the #monetary #policies side, the #peak #inflation seems still far away. Let alone the MoM momentum, still high
Reading lots of can’t get a mortgage but qualify on income, credit, DTI & lots of self employed (SE) having problems
Here are tips on finding that unicorn lender
1. Ask for referral. What were fees, rate at par (no pts), how long did it take to close, issues/how resolved? 🧵
Here are tips on finding that unicorn lender
1. Ask for referral. What were fees, rate at par (no pts), how long did it take to close, issues/how resolved? 🧵
2. Call each lender & ask questions above. Confirm they lend on what you want to buy. How many SE loans? Ask them for addresses of purchases closed- if they say they can close in 15 days go look at Pending/closed dates. Ask them for client or realtor references. Call them
3. Ask LO for examples of issues & how they solved them. Shit happens, but the good ones solve them & close on time or maybe a day or 2 late but not WEEKS late as a rule. There’s always exceptions but a good loan officer (LO) does the homework upfront before you go into escrow
#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%
Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut
#MPC meet was held ahead of schedule from 3rd-5th,June
#EMI #moratoroum extended by 3 more months
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%
Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut
#MPC meet was held ahead of schedule from 3rd-5th,June
#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass
Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful
This will reduce #NPAs &stress on banks' balance sheets
Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful
This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels
Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend
#Covid
Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend
#Covid
1/9 #SBP introduces further incentives for businesses under #refinance scheme for payment of wages and salaries to the workers and employees to prevent layoffs. For details:
English: sbp.org.pk/press/2020/Pr-…
Urdu: sbp.org.pk/press/2020/Pr-…
English: sbp.org.pk/press/2020/Pr-…
Urdu: sbp.org.pk/press/2020/Pr-…
2/9 To address the issue of providing security/collateral for small vendors/distributors, financing has been allowed against corporate guarantees of companies in value/ supply chain relationship with the borrowers.
3/9 Moreover, banks have also been encouraged to provide loans without any collateral i.e. taking clean exposure of up to Rs 5 million.
1/5 #SBP introduces temporary #refinance scheme to incentivize businesses not to lay off their workers during #COVID19 pandemic. For details:
English: sbp.org.pk/press/2020/Pr-…
Urdu: sbp.org.pk/press/2020/Pr-…
English: sbp.org.pk/press/2020/Pr-…
Urdu: sbp.org.pk/press/2020/Pr-…
2/5 Refinancing will be available to finance wages and salaries of 3 months, Apr-Jun20, for all types of workers and employees including permanent, contractual, daily wagers and outsourced workers.
3/5 Financing will be available at mark-up up to 5%. Borrowers on active taxpayers list will be charged 4% mark-up.
