Saw a news piece yesterday about banks tightening up their lending rules again. Seems they're being extra picky now, checking everything from your Netflix subscription to your coffee habits (okay, maybe not coffee—but you know what I mean). Kinda makes me wonder if this is just temporary caution or some bigger trend going on. Anyone else noticing banks getting fussier lately when applying for loans or mortgages?
Yeah, I've definitely noticed this too. Recently had a project where the bank scrutinized every little detail—down to how often we were dining out. Seems like they're being cautious, maybe due to economic uncertainty or market shifts. But honestly, it might not be all bad; tighter lending can encourage smarter financial habits and more sustainable developments in the long run. Still, hoping it's just a temporary phase...
I've noticed banks tightening up a bit too, and honestly, I think it's probably a good thing overall. When we refinanced last year, they asked for way more documentation than before—felt a bit intrusive at first, but it made me reconsider some spending habits. Still, makes me wonder if this cautious approach will actually lead to fewer defaults down the line or if it's just banks covering themselves... Have you guys noticed if smaller local banks are being just as strict as the big ones?
