Originally Posted by
hopeful
yup, i also cannot understand. But i also knows that since I am not in the finance industry, the parlance used in finance industry maybe different from everyday use of the language.
like for example, difference between "capital protected" and "capital guaranteed". To layman, these 2 phrase means the same thing, but in finance industry parlance, these 2 phrases have entirely different meanings.
another recent example is "overcharging" and "overbilling".
I also kena burned by minibonds. That's my expensive lesson to start reading the fine print and leave ego/pride at the door. mine money is at stake. if i look stupid asking stupid questions, so be it. I would assume correctly that most people dont ask stupid questions because they dont want to look stupid in front of bankers. so if those bankers meet a person who ask stupid questions, that may be hopeful.
My advice once again is: people spend years to collect the hundred of thousands of dollars to pay downpayment, why not spend a few more hours/days to read the fine print before spending that years of work?
as for the industry practice, review spread is standard practice, which does not necessarily lead to changing spread.
it is the changing of spread that is not standard practice, ie uncommon.