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financegenie
Full Member
Cash: $ 12.40
Posts: 70
Joined: 19 Aug 2010
Location: Mumbai
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| Commercial Mortgage Brokers |
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One of the major outcomes of the recent recession has been the speed with which banks withdrew business funding and their reluctance to re-enter the commercial market. Tales abound of businesses finding markets for their products but having to turn aside orders due to lack of funding for the manufacturing process. Gone are the days when all a business needed
to do was pick up the phone to their local friendly bank manager to secure funding.
This is where commercial mortgage brokers come into their own. They are specialists in arranging finance and can often find a lender for a seemingly hopeless case. Even when a fairly simple commercial mortgage loan is needed, finance brokers can help you to find good deals. With this in mind what questions should you ask when considering appointing a finance broker?
I do need your suggestion, what are the things that commercial mortgage brokers[edit] can do such as generally question arises like
1. What can a finance broker do for my business?
2. What questions should I ask the finance broker when we speak?
3. What will a finance broker need from me?
4. What will a finance broker need from me?
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Sat Oct 09, 2010 8:27 am |
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wringle
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Cash: $ 1.40
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Joined: 28 Oct 2010
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Commercial is mostly done through banks of the company but you can find smaller private offices that do some commercial work. I know they, for the most part, want you to have experience say in residential as commercial is similar. Not something they hire first timers for. But, yes there is a market. I'd suggest going residential first, less work lots of money and better hours.
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Fri Oct 29, 2010 5:38 pm |
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alinasmith001
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Cash: $ 1.20
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Joined: 10 Nov 2010
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The mortgage broker is the person you hear when you need a loan that fits your exact needs. Previously, financial products like mortgages sold by banks themselves. But with competition in the mortgage market heats up, its role as a mortgage broker has evolved out of need. In the majority of developing a mortgage market, more than half of all mortgages sold through brokers.
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Wed Nov 10, 2010 9:09 am |
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