When reaching out to find the lender you want to pre-approve you, make sure you ask right away if they lend against the value or the cost. If they tell you they lend against the cost, they had better have a really high percentage (like 95 percent!). In essence, they are telling you there is a zero percent chance you will be able to pull out more than you’ve invested, or even all that you’ve invested. For this reason, I avoid banks that will only let me borrow LTC.
