Learn On How Banks Can Support You

Russ Whitney has lots to say about business and he have a lot much more to say about

our wrong beliefs about large banks and bankers in their fine suits and cozy offices.

Most people have this typical thing: banks are scary and bankers are intimidating. Russ Whitney would undoubtedly disagree! And he will prove all those belief to be wrong...

1. The belief that bankers love to say no.

Bankers don't sit on their cozy offices with their most dignified suit just to say no to individuals asking to have a loan. A bank isn't a government agency nor is really a public utility; initial and foremost its primarily aim to do company, to make profit. And they make the most profit on mortgages and commercial lending. Everything is about making funds, that's all no a lot more any less.

2. The belief that bankers are smarter than you.

Even though the bankers appear to be too smart in their suits and inside the titles they have on their names, but that doesn't significantly follow that they're truly smarter than you. Never be deceived by appearance. Not everything that it appears is what truly it really is. Behind the fancy degrees that bankers have, beneath the titles attached to their names is the reality that they are not financially independent. They too have a boss, which they're working for. Russ Whitney seldom finds a banker who entirely understands the entire thing about his enterprise, most of the times he requirements to teach them far much more enough to make realize. Remember, no 1 has the monopoly of knowledge so never assume that he is smarter than you are. Maybe he is, in banking but never on all things

three. The belief that all banks are the exact same.

It doesn't necessarily follow that when 1 rejects you, each and every other bank will do the exact same. There's no such thing as a secret society wherein all banks get together to set up the rules. Each and every bank is distinct from the other.

Each has its own way specialty, its own strategy, and its own approach on the way to bring revenue, its own approach to distinguish itself and paint a name in the market. Decisions may vary from each bank to an additional since decision making is on the hands of distinct key persons in each bank - the senior lending officer, the president, the board of directors all play a considerable part within the procedure.

The secret is, just be persistent. Rejection is never a waste of time for the truth is, every NO teaches you some thing to get closer to the yes a little bit quicker. With all of these from Russ Whitney, for sure, you might be more positive upon approaching your bank officer. Gather up all that confidence in you, and bring along all the details you have to make it possible. And constantly maintain in mind that bankers both do you and themselves a mutual favor.

by: Russ Whitney

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