Day: March 13, 2015

By Parag Nevatia What is the fuss about people looking for the “best rate” when it comes to loans? We learned in school or college, that demand is more when supply is down. So when too many lenders bid for one deal, they compete. They want to give a better rate to bid on a deal. In a great economy, every lender wants to lend; but those days are clearly gone. When banks have been burnt or have the feds looking at their lending practices under a microscope, it means they can’t use shortcuts to make money. At that...