Is there anything worse in the world than having to go to the
bank and ask for money? Why is the person you are dealing with,
half you age with little to no experience? He or she is the one
that will decide whether or not you get approved for the loan.
Banks work backwards in my mind, when you don't need the money
they continuously want to give it to you. When you do need the
money, you have to jump through hops to get it. This article is
designed to help you get prepared so that when you are applying
for a mortgage, home equity loan, SBA loan, VA loan or any other
kind of loan, the bank will always say yes. Let me repeat that,
the banks will always say yes!
Let's start with how you dress when meeting your banker. They
are professionals, so present yourself as one even if you are a
mechanic. Put on a nice pair of dress pants along with a dress
shirt and jacket. Ladies, a pant suit or dress will be fine.
First impressions are critical so make a good one. Buy yourself
a nice briefcase for all your paper work. It doesn't have to be
Gucci, just new looking. Get to your appointment early. Even if
you have to wait for 10 minutes, this alone shows that your
respect their time and again works in your favor as fair as a
first impression goes.
The most important thing you can do when applying for a new
mortgage, home equity loan, SBA loan or VA loan is bring all
your information with you. This means your social security
number, driver's license, letter from your employee stating your
hire date and current salary (if you are self employed, bring a
copy of your last 3 years of tax returns with you), know what
debt you are carrying, have a list of all your assets (or create
a net worth statement on your computer at home). If you come
into the bank fully prepared, looking good, are on time and have
a smile on your face, the banks will say yes!
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