#090 Big Money Monday terms you need to know Collateral, LTV, Promissory Note
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My goal is for you to know how the banking system works at a basic level. Terms you need to know are: Collateral, LTV, Promissory Note. Questions covered today as well: How come some banks are willing to loan money on rental properties, and others are not? \\xa0What are balloons? \\xa0Should I use them, or avoid them? \\xa0What are the risks? Robert Allen says to buy property with nothing down. \\xa0Dave Ramsey says to avoid debt and pay cash. \\xa0Who am I supposed to listen to? What\\u2019s your question? Share it! Go to this link ask.savvylandlord.me or go to www.savvyradioshow.com and leave a voice mail!
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