Loans, deals and contracts

[Julian Javier Lopez]

Best way to get a deal. How to make a deal with a lender that benefits both party’s.

[Ned Carey]

@Julian Javier Lopez Lender want to know their money is safe. They want to know that if something goes wrong they have a plan B or even a plan C. In the example of a bank loaning you money for a house, plan A is you pay on time until the loan is paid off. Plan B is foreclose and take the property as collateral. 

Lenders want low risk.  The higher the lender feels the risk is, the higher the interest rate they will charge. Some lenders will not do higher risk loans, some specialize in them. 

Lenders talk about the five "C"s or risk

1. Credit
2. Character
3. Capacity
4. Collateral
5. Conditions