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Thread: how much savings?

  1. #21
    Senior Member
    Join Date
    Oct 2002
    Location
    West Central Michigan
    Posts
    796

    Re: how much savings?

    Kerr,

    You might check around to see if you have an Amish (or other) window maker nearby. We saved a bunch going that way. The windows aren't top of the line Pella's, but they're decent. Vinyl framed thermalpane with tilt in sash. And they're built custom to your size requirements and guaranteed.

    Steve

  2. #22
    Senior Member
    Join Date
    Sep 2002
    Location
    Fort Wayne, Indiana
    Posts
    260

    Re: how much savings?

    <font color="blue"> If the borrower's credit is lousy, it is probably worth extra to get the loan. If the credit is good, it's a different story. Lots of predators out there, got to be careful. </font color>

    I agree on each point. I deal in a fair amount of C-D credit risk and, while some of these people had problems due to no fault of their own, the vast majority are habitual deadbeats. The only way lending money in that market makes any sense at all is to make absolutely certain that the loans you make are all set up to be very high return. The reason is simple. You're going to have a high default rate. Those that do pay out essentially subsidize those which didn't.

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