Many borrowers reject themselves before lenders even see their proposal, assuming they'll be turned down. This self-disqualification gets worse with bigger deals, in the millions, where the size alone makes people give up before trying.
Chapters
The most common failure point is the self-disqualification. Borrowers assume the no before the lender even sees the deal because they, I think there's this mystique or this nerve. It's, it's probably how people are with, with AI right now. A lot of people that haven't adopted it yet, I hear people all the time like, I don't know what to ask it. It's a mental block. And I think that's what, what people have with when it comes to these, you know, bigger deals for most people than they've ever thought about financing. You know, you buy a house, maybe you mortgage 2, 3, 4, 5, 600 grand. Yeah. You buy a storage deal, you're financing. You know, it's in another bracket. There's a comma. There's another comma, right? So it's it's million, two million, three million, five million. I don't even want to think about how much I have financed right now. And it's and it it can it can sound and start to be intimidating, a little scary. And and I I think that's why people end up talking themselves out of it.