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How tight they get depends on how far up the creek the economy...

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nosirommit

1,995 Posts.

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15/11/17

12:12

Post #: 28809140
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Originally posted by lispingduck ↑

Banks will apply some tightening, its natural they get scared like everybody else. But what they are unlikely to do is what skip said they "will do" - "tighten right up". As things settle as they will eventuslly they will loosen it again and this is the point or period, give or take, of max benefit for first home buyers. So just keep saving, the worst that can happen is you end up with a larger desposit..

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How tight they get depends on how far up the creek the economy is.

So yes, banks will always try to lend as much as they can within their risk profile to maximise profits.

But no, risk after a 20-25% drop is not necessarily lower than prior to the drop.
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