The one topic I address most often

If someone were to ask me “what is the one topic you have to answer or address most often” I would without hesitation say interest rates.  Borrowers are always very intent on knowing what interest rate they will get, the reasons behind why one bank or lender charges more than another in addition to telling me what interest rate they think they should pay without having a sense of how interest rates are determined or how their specific situation impacts the answer.  I could spend time explaining why this is a popular topic however I thought it would be more interesting to share an example of how a bank or lender would address the topic if they were perceived to have a higher Continue reading “The one topic I address most often”

You need a personal guarantee? No way!

Imagine for a moment that someone approaches you and asks if you would be willing to lend them money.  They proceed to tell you all about the venture and the enormous amounts of money they are going to make as a result of securing money from you in the form or a mortgage or loan.  They continue to tell you that notwithstanding nobody knows the future, their venture is a sure bet guaranteed to make them profit and riches beyond their wildest dreams and Continue reading “You need a personal guarantee? No way!”