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Tip 45 – Buying – Find a hungry lender

Whether you go direct to a bank, or use a broker, each lender will have a different appetite for MLR lending at any given point in time. That is because the lender will be wanting to spread its risk across a number of different industry portfolios and geographical areas. Once you understand this the process of shopping around for the best deal becomes easier; instead of being offended by a tough credit policy, you will see it as what it is – a signal that the lender has lost its MLR appetite.