100 investment mortgage

100 investment mortgage
Commercial mortgage broker should save their clients time, trouble and money. The essence is that the agent of experience and know-how and valuable for borrowers who may know little about these complex and often difficult process of closing a commercial Mortgage.

More precisely, a few advantages of working with a Commercial Mortgage Broker include:

1. Introduction to loan programs that are not covered by your bank.

Most commercial mortgage broker will be able to borrow loan programs that are not obvious. Lenders, non-traditional loan programs (for example, stated income loans, commercial 30 years fixed or second lien position loans, etc.) do not have bank branches. Instead they depend on lenders, mortgage brokers, to their credit. Thus, brokers may be more options (often much better options), to the borrowers they serve.

2. Brokers can provide you with solid lenders recommendations based on experience of the industry.

The real difference between lenders can be difficult to detect. The obvious, as the banks / lenders are an indication of the lowest rates, the best conditions, etc. are relatively easy to discover.

The important questions, such as lenders back their commercial borrowers, actual closing loans, not just the fees or very "painful" underwriting process, if an agent really earns his fee. This knowledge is earned only by the day for day in the industry and by the closure of many commercial loans.

Most borrowers can be dealt with 2 or 4 commercial mortgages in their lives, while a good agent will be closed 2 a.m. to 4 p.m. loans per month. This experience is crucial in assisting borrowers to achieve their goals.

3. Agents are on the same side of the table as a borrower.

We get to close loans. Obvious - but compared to a bank loan from icier that on a salary and the weekly meeting quota, weekly application of the quota, etc on their agenda may not be easy to figure out the best way to ensure your loan is closed. So the thing is a bank loan can "lead you to" "in order to protect your application simply his / her work - and your time.

4. Commercial brokers should save a considerable sum of money, not cost bank charged.

By creating a competitive environment, with the appropriate lender for your situation, a good broker will receive multiple sources of funding to compete and the best pricing possible. If the broker has a good reputation with lenders, they will be the loan packages more seriously and spend more time with her and believe that it is a legitimate transaction. Lenders will also add pressure to not play in the trading of the fear of loss that the futures brokerage business could be.

5. A broker should be solid the whole process more efficient.

In the same vain as the number 2 A broker worth his salt should be able to identify robust options for the borrowers because of their complex and unique combination of circumstances. It is often a single small detail that will slow or kill a deal in the process. A sharp broker should be able to spot those little details that would otherwise cost the borrower thousands of dollars, or waste months wrong lenders struggling with the file that are not in their hands in the first place.

Not all brokers have the same skills and experience, however, commercial mortgage brokers have a place in this business and can help the borrower in securing a commercial mortgage.

Jeff Rauth is President of Commercial Finance Advisors, Inc. of Birmingham, Michigan. He specializes in commercial real estate loans between $ 100,000 - $ 5,000,000. Offers unique loan programs such as second mortgages, commercial 30 years fixed and 90% non SBA financing, Commercial Equity Lines. 248 885-8797 or on commercial mortgage loans or loan calculator