Is Saving a Virtue to Retire in a Low Interest Rate Environment?
Businesses and markets go in cycles. In tough economic times, people lose their jobs, spending decreases and businesses start slowing down. All of a sudden, banks find it a little more risky to lend, and those who want a loan find it harder to get approved. Fortunately, banks don't stop lending altogether, and there are some
steps potential borrowers can take to increase the chances of getting a loan. There is one disclaimer: most of the banks' interests are aligned with yours. If a bank think it's too risky to provide you with a loan, then it is probably not a good idea for you to get one. With that out of the way let's get into it.
Make Yourself Attractive To Lenders
Understand What Drives The Lender
Give The Lender A Leg Up
Come In With Collateral
Give Yourself Some Credit
Understand The Loan process
Consider Alternative Borrowers
Weigh Other Options
Read This Before You Give Up
Find Your Loan
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