Any change in rates on home equity lines is directly related to the actions of the Fed. On average, their rates are 1 percent over the prime rate, but some banks even offer home equity lines at the prime. Home equity lines are probably the cheapest way that homeowners can currently borrow money. - Fritz Elmendorf Quotes
Any change in rates on home equity lines is directly related to the actions of the Fed. On average, their rates are 1 percent over the prime rate, but some banks even offer home equity lines at the prime. Home equity lines are probably the cheapest way that homeowners can currently borrow money. Fritz Elmendorf
 

More - Fritz Elmendorf Quotes

We've seen record numbers of bankruptcies every year. The lending industry feels there are a number of filings that are abusive and could have been avoided. - Fritz Elmendorf Quotes

We've seen record numbers of bankruptcies every year. The lending industry feels there are a number of filings that are abusive and could have been avoided.

Fritz Elmendorf

 
People have to think realistically, and I think the economy is pretty sobering right now, and people should consider their financial moves very soberly. Part of that is getting in less debt. - Fritz Elmendorf Quotes

People have to think realistically, and I think the economy is pretty sobering right now, and people should consider their financial moves very soberly. Part of that is getting in less debt.

Fritz Elmendorf

 Economy
I don't accept the charge that banks have just removed all barriers and are going full blast to send cards to anybody. There is actually evidence that banks have tightened [their requirements] in some ways. - Fritz Elmendorf Quotes

I don't accept the charge that banks have just removed all barriers and are going full blast to send cards to anybody. There is actually evidence that banks have tightened [their requirements] in some ways.

Fritz Elmendorf

 
You'll pay more for it, but it still should be less than your credit-card rate. - Fritz Elmendorf Quotes

You'll pay more for it, but it still should be less than your credit-card rate.

Fritz Elmendorf

 
Generally, they're very eager to resolve issues with their customers, to make accommodations to retain the customer. It's much easier to retain a customer than to find a new customer. - Fritz Elmendorf Quotes

Generally, they're very eager to resolve issues with their customers, to make accommodations to retain the customer. It's much easier to retain a customer than to find a new customer.

Fritz Elmendorf

 
The larger banks are seeing a lot of market share in this area, but the larger credit unions and the ones being run by ex-bankers are setting up arrangements where a non-member can finance a car right at the dealership just by signing up to be a member. - Fritz Elmendorf Quotes

The larger banks are seeing a lot of market share in this area, but the larger credit unions and the ones being run by ex-bankers are setting up arrangements where a non-member can finance a car right at the dealership just by signing up to be a member.

Fritz Elmendorf

 
Small banks come out with an edge on pricing, but what is not measured is the convenience factor. - Fritz Elmendorf Quotes

Small banks come out with an edge on pricing, but what is not measured is the convenience factor.

Fritz Elmendorf

 Banks
Banking was never free because consumers were not getting a market rate on their savings and were paying a lot more for loans. - Fritz Elmendorf Quotes

Banking was never free because consumers were not getting a market rate on their savings and were paying a lot more for loans.

Fritz Elmendorf

 
A lot of consumer advocates say you shouldn't put your home at stake, and that's advice worth considering. But using your home gives you access to credit that's cheaper than other sources. - Fritz Elmendorf Quotes

A lot of consumer advocates say you shouldn't put your home at stake, and that's advice worth considering. But using your home gives you access to credit that's cheaper than other sources.

Fritz Elmendorf

 Advice
Not every place right off the bat will offer you a good rate. One company may offer you 15 percent. Another may offer you 11 percent. - Fritz Elmendorf Quotes

Not every place right off the bat will offer you a good rate. One company may offer you 15 percent. Another may offer you 11 percent.

Fritz Elmendorf

 Company
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