How to Choose a Commercial Mortgage Broker [mortgageloan-processor.blogspot.com]
Question by kickboxer812: Does any commercial mortgage brokers out their have a list of the top lenders for commercial loans.? Best answer for Does any commercial mortgage brokers out their have a list of the top lenders for commercial loans.?:
Answer by Janice Tee
Don't know.
Answer by sherlock
Check out http://www.bankrate.com
Answer by bidia
try these http://www.emortgagedomain.com/info/Mortgage-Quotes.html http://www.emortgagedomain.com/info/Real-Estate.html
Answer by linda_munoz01
I work with over 80 lenders, most of which can do commercial loans. If you need more info feel free to contact me. www.lindamunoz.net
Becoming a commercial mortgage broker requires obtaining a license by passing a written exam and a class. Discover how a commercial mortgage broker differs from a residential mortgage broker with tips from a licensed mortgage broker in this free video on personal finance and real estate....
mortgageloan-processor.blogspot.com Mortgages : How to Become a Commercial Mortgage Broker
SACRAMENTO - California will become the first state to write into law much of the national mortgage settlement negotiated this year with the nation's top five banks, and expand it to all mortgages, under wide-ranging legislation approved Monday by ... State mortgage deal put into law
You have a project and you have decided to go through a commercial mortgage broker to get your loan. Carefully Select the broker that meets most of your needs. There is no need to go see a dozen. By selecting a single commercial mortgage broker, you are sure to get the best deals for your mortgage.
Access to the internet and the proliferation of many internet based services makes online brokerage possible and accessible. Transmitting information to a broker online is rather easy and convenient. Intermediaries nowadays dedicate more time to the customer than financial institutions.
Giving that there are so many commercial mortgage brokers in the market, it is easy to feel tempted to hire more than one to get better deals. The thing is that this may end up not working in most case. When you hire the services of only one broker you increase the possibilities of negotiation with financial institutions.
Remember that brokers have partnerships with some banks but the latter will refuse to pay to more than one.Because commercial mortgage brokers want to avoid situations like this, they have simulators on their websites. Customers can then enter the information without actually sending the documents to the financial institution. This way, a customer is free to choose the broker that gives the best conditions.
When you are ready to select your commercial mortgage broker, keep an eye open for the following things:
The offers it proposes. You want to keep the broker that gives you the rates. You need to verify that there is a reasonable availability of rates and mortgages for you to choose from (fixed or adjustable, floating, etc)
Filing costs.
A commercial mortgage broker will always ask for a fee. It is generally up to 1% or the amount of the mortgage you are requesting. You may pay it directly to the broker or through the bank.Imbursement terms. Certain financial institutions will charge you fees when you pay your mortgage early. Among one of the services of brokers is to negotiate it with the banks and potentially eliminate these fees.
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