The Rate Question “Your concern about the best rate is always the number-one question that clients have. However, it is not only number one on the list, but it is also number 10 on the list, and there are eight other things we are going to discuss before we circle back to it—things that matter, or may matter. Either way, you need to be aware of them: What’s your best rate? Prepayment penalty math. Variable or fixed? If fixed, how many years? 1, 2, 3, 4, 5—never 7 or 10. Collateral charge discussion. Secured line of credit? Unsecured line of credit? Overcoming thin or bad credit? Strata
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