Not exact matches
In contrast to other prominent
banking institutions, some of which are interested in exploring other use cases for the blockchain, Carstens did not appear impressed by technologies related to digital assets: «In practice, central
bank experiments show that DLT - based systems are very
expensive to run, and slower and much less efficient to operate on
conventional payment and settlement systems.»
«The conservation will be
expensive and technologically higher risk than
conventional seed
banking.»
Now more than ever,
banks are requiring larger down payments for
conventional loans with more
expensive mortgage insurance.
The goal is to be bridged from a hard money situation to a more
conventional situation where you're going to go from a very
expensive interest rate payment per month to something much lower like a traditional
bank loan / commercial mortgage or you plan to sell / flip the property fairly quickly.
If you refi into a
conventional loan they'll usually only do 80 % of the value and you'll lose your VA rate and still have refi costs, so this would probably be more
expensive than just doing a
conventional loan to start, especially after the VA funding fee and possible loan origination fee from the
bank.