What Is Collateral & Why Is It Important?

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by It's Your Biz Editorial

Story Created: Jul 5, 2011 at 10:10 AM CDT

Story Updated: Jul 6, 2011 at 12:16 PM CDT

Understanding how much collateral you have is a good indicator of how much money you can expect to borrow. Watch Ami Kassar, a finance expert, as he walks you through the ins and outs of collateral.

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Jim Gibbons said on Tuesday, Jul 5 at 5:27 PM

Great presentation Ami. I agree 100%. Collateral is what drives a lenders' credit decision today more than ever. Now more than ever. And a lenders' valuation of collateral is going to be very different than most clients. A lender values at wholesale. Most borrowers think in retail valuations.

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