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  • Casual Articles - Things Banks & Other Lenders Won't Tell You (Part02) How Lenders View Borrowers & Projects

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    ive debt to income ratios)

    With that in mind, you have to understand that bankers are on a salary and they are going to

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    One of the keys to success at getting a consolidation loan (or any loan) from any lender is to understand lender mentality and how lenders view borrowers and projects. First, lenders view borrowers as one of the following:

    A Borrower - (solid income/employment, excellent credit, low debt to income ratio)

    B Borrower – (employed, marginal credit rating, moderate debt to income ratio)

    C Borrower - (unemployed, poor credit rating, excessive debt to income ratios)

    With that in mind, you have to understand that bankers are on a salary and they are going to g

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    how lenders view borrowers and projects. First, lenders view borrowers as one of the following:

    A Borrower - (solid income/employment, excellent credit, low debt to income ratio)

    B Borrower – (employed, marginal credit rating, moderate debt to income ratio)

    C Borrower - (unemployed, poor credit rating, excessive debt to income ratios)

    With that in mind, you have to understand that bankers are on a salary and they are going to

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    ower - (solid income/employment, excellent credit, low debt to income ratio)

    B Borrower – (employed, marginal credit rating, moderate debt to income ratio)

    C Borrower - (unemployed, poor credit rating, excessive debt to income ratios)

    With that in mind, you have to understand that bankers are on a salary and they are going to

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    ginal credit rating, moderate debt to income ratio)

    C Borrower - (unemployed, poor credit rating, excessive debt to income ratios)

    With that in mind, you have to understand that bankers are on a salary and they are going to

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    ive debt to income ratios)

    With that in mind, you have to understand that bankers are on a salary and they are going to get paid whether they work with an A-Borrower or a C borrower. A-borrowers are perfect borrowers who probably don’t need the loan anyway and tend to be slam-dunk deals, easy to do. C-borrowers, on the other hand, are much riskier folks and require much more work to justify a loan under any condition. If you were a banker on a salary, which borrower would you rather work with?

    Then, lenders view loan projects in one of three ways:

    Green light deal - (good

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