(no subject)

Stolen from galena417 - it's the lyric meme again.

( Yeah, yeah. )

(no subject)

I had a passably productive Friday. I went to a closing at 10:00 AM (We didn't buy anything. As is typical, we were the "bank" for the deal. In this particular case, we put up ten grand at 8% and the borrower put up a clear title for 131 acres in East Providence Township.) That wasn't very interesting aside from the 8%. My personal theory for discussing rates with prospective borrowers is that it's very easy to say "Okay, well, how about seven and three quarters?" if they get all bug-eyed when you tell 'em it's eight percent but it's damn near impossible to say "Hrm. You went for seven and three quarters a lot easier than we expected. Are you willing to sign a note for eight instead?" I have explained this theory to my dad, who was loaning a lot of money at 7% without even asking to see if they'd take eight first. Since real rates have been going up, our rates should, too... particularly for borrowers who are more leveraged and/or greater risk. Since people aren't even raising an eyebrow over 8%, I'm thinking maybe we should try for 8.25% on the next round of loanings. (You never know until you try.)

( What else did you do? )