Len Morrissey is back again to discuss current trends in the banking world. Len spent many years as a loan officer at several Boston-area banks, before joining Jay at RAPID Manufacturing as the CFO. Most recently, Len co-founded and now runs a business loan underwriting practice: Morrissey Metcalfe and Associates. Here, Len and Jay discuss current events in the banking world as they relate to interest rates and loans, and take a deep dive into a term sheet for a current mortgage Jay is applying for. Len helps us understand what banks are looking for and where you can negotiate when looking for loans.
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