AUGUST 9TH, 2018
Are you using your Financial Asset Questions when going through applications with your borrowers? If not, you definitely should be. A recent study by Suntrust Banks revealed the top 5 things Americans save money for, and the #1 reason might surprise you.
Travel/Seeing the World came in first place at 45%. After Travel, the list went:
1. Emergency (37%)
2. Retirement (30%)
3. Buying a house (21%)
4. Buy an automobile (20%)
Check out the article here.