Correspondent Blog
Tag: Borrower Education
08/01/21
Use Our 10-Layer Pyramid to Educate and Advise Borrowers
Most customers are borrowing neophytes. We estimate that the majority of community bank borrowers have a rudimentary financial and accounting understanding, and these borrowers may focus solely on the interest rate on a loan when comparing their options. Even “sophisticated” and seasoned borrowers do not know how to compare their borrowing options to optimize outcomes. …