Today, banker extraordinaire Ace Watanasuparp, Executive Vice President of Citizens Bank for Residential Lending in New York, joins Noah Rosenblatt and John Walkup for UrbanDigs for a quick talk on the state of the mortgage market today, what sellers can do to lower rates for potential buyers, as well as tips and challenges to be aware of currently. From his vantage point at Citizens Bank, Ace sees all kinds of deal flow and has a great bead on where the market is headed. Some great real-time time nuggets here!
Highlights:
(0:54) Where lending rates are right now
(5:33) Sell-side strategy – offer points & create a lower rate for buyers
(8:58) Lending standards tightening?
(11:27) Challenges on the lending side to be prepared for
(14:59) Things buyers can do to prepare for the loan process
(16:46) Financed bids are riskier, making the premium for cash bids rise
Pages:
Ace's LinkedIn profile:
https://www.linkedin.com/in/acewatanasuparp/
A profile of Ace on Citizens Bank:
https://jobs.citizensbank.com/Ace-from-ball-to-business
Got questions? We got answers! Visit our forum:
https://www.urbandigs.com/forum/index.php?forums/main-forum.2/
Track the New York City real estate market with real-time data and charts:
https://www.urbandigs.com/
Link to our overview of Manhattan or Brooklyn real estate stats:
https://www.urbandigs.com/marketwide-charts/
For more Manhattan and Brooklyn real estate conversations:
http://www.talkingmanhattan.com/
