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Custom rate
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dabeegmon
Posted 1/8/2024 10:53 (#10563152 - in reply to #10562830)
Subject: RE: Custom rate


SE Manitoba
johndeere1 - 1/8/2024 07:22

Macttle - 1/7/2024 22:57

You gotta start somewhere, interest isn’t high we’ve just been spoiled. If he’s just starting and has the chance to do it for guaranteed pay may not be a bad idea, this market in the last 6 months coulda put the hurting on someone just starting if bought wrong. Last I looked LRP was silly money to lock a breakeven.


Some people forget what it was like starting out. Sometimes the bank likes guaranteed money at the beginning.


Sometimes - - - he says.
In my experience the bank ALWAYS wants guaranteed money and an even more lopsided guarantee when you're starting.
(Starting they want some 45% cash involvement, after they have they're hooks into you deep they will 'allow' you to use 20 to 30% and some of that can be equity.
Does anyone else here remember their definition of beef - - - Any and all cattle born and unborn including semen and embryos.
Interesting definition - - - don't ja think?)
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