What's the most efficient way to secure a US Commercial Mortgage? Work with a mortgage broker who specializes in this area. If you've ever applied for a loan, you're familiar with the mountain of paperwork you are required to complete during the process. The lender takes the applicant's information, runs it thought their guidelines and formulas and after waiting many weeks, a decision is made to either approve or deny the loan. If approved, the transaction can proceed. If denied, the applicant has to begin the process all over again.
US commercial mortgage lenders use guidelines similar to those used when applying for a residential loan. The applicant must provide a good reason for needing the loan. The property must have an acceptable appraised value. The location of the property is also considered. The credit history of the applicant, including the financial condition of the business is thoroughly investigated. In addition, commercial mortgages require significant collateral to secure the loan. This can be in the form of business equipment or inventory, personal or other properties, heavy machinery, or any asset with a significant value.
But even the most carefully prepared and well-documented commercial mortgage applications can be declined. When this happens, the applicant has no other choice than to start the tedious commercial mortgage loan approval process over again. Weeks go by, opportunities are lost, and still the outcome remains unknown. How many times do you want to go through this process?
Most applicants agree the correct answer is only once. The way to achieve this goal is to work with an experienced and reputable US commercial mortgage broker. A broker takes your one completed commercial mortgage application and submits it to many different commercial lenders, all at the same time, which greatly increases your chances of approval and saves you a considerable amount of time.
A commercial mortgage broker works with these different lenders every day. The broker knows what each lender looks for in an application and sends your application to those with the best chances of approving your loan. This method is highly targeted. And, brokers only get paid when they successfully match applicant with lender. Their financial incentive is what motivates them. Best of all, the lender pays the broker's fees, not the applicant.
Working with a commercial mortgage broker costs you, the applicant, nothing. Working with a broker frees up your time so you can get back to running your business. Working with a broker greatly increases your chances of getting your commercial loan approved fast. In fact, brokers often get approval from multiple lenders which puts applicants in a great position to bargain better loan terms. And best of all, brokers will handle these negotiations!
There are so many reasons why working with a US commercial mortgage broker makes sense. Yet it's amazing how many applicants don't take advantage of their services. You work hard at streamlining your business and cutting your operating costs so why not streamline your commercial loan approval process? For fast results, contact a US commercial mortgage broker today!
Author:- Commercial Mortgage and Bridging Finance specialists Commercial Lifeline.
Download our free Commercial Mortgage guides by visiting our Commercial Mortgage Guide page.
This article comes with reprint rights. You are free to reprint and distribute as you like. All that we ask is that you do not make any changes, that this resource text is include, and that the links above are intact.
Buying your first house is always a difficult time. There... Read More
The simple definition of a "non-conforming home loan" is: You... Read More
Refinance NOW-before it's too lateIf you haven't found the time... Read More
Are you in the market to purchase a home but... Read More
If you are wanting to get a home equity loan,... Read More
Refinancing your mortgage is one way to rebuild your credit,... Read More
If you've been thinking about applying for a direct homeowner... Read More
When financing a home purchase, the kind of mortgage you... Read More
Obtaining a home equity loan does not have to be... Read More
Bridging finance, also referred to as "bridge loans" and "bridging... Read More
While most multi family properties are designed to allow the... Read More
Just starting to shop for a new home? Do you... Read More
Your search for a mortgage isn't leading results.Check for any... Read More
You've found the home that is right for you, and... Read More
Availability of Home loans is in full bloom. They are... Read More
A remortgage can be used for the purpose of gaining... Read More
The prospect of mortgage debt elimination is something that many... Read More
Mortgage rates typically are based off the current rates of... Read More
There are numerous reasons a person has bad credit. Late... Read More
Simply stated, a reverse mortgage is a loan that enables... Read More
The term 'mortgage' is assumed really controversial by people when... Read More
Shakespeare once said about human nature 'with nothing shall be... Read More
When it comes to a reverse mortgage, wise consumers weigh... Read More
A pre-approved mortgage is a must in a competitive housing... Read More
Financing a home with bad credit is a common problem... Read More
In today's world, a borrower should not be paying mortgage... Read More
As loan officers, the word "lead" is by far one... Read More
I have a lot of friends and family who are... Read More
I continue to see the same For Sale signs in... Read More
Customers who opt for an interest only mortgage, and feel... Read More
Refinance home loan lenders are eager to lend money to... Read More
What the average homeowner or home buyer fails to realize... Read More
Saving money through a mortgage refi is more than just... Read More
Refinancing your mortgage is one way to rebuild your credit,... Read More
Are you wondering how to get the best Home Equity... Read More
Sometimes so much is talked about how to solve the... Read More
If you are in the market for a home equity... Read More
If you owe 40 percent or less of your original... Read More
Give yourself time to rebound. Whether you had to turn... Read More
For the last two years, interest rates have been much... Read More
When you're shopping for a new home-especially for the first... Read More
The best home improvement loans usually aren't going to be... Read More
A Home equity loan has become an easy way to... Read More
Just as there are many types of mortgages and mortgage... Read More
Here are some of the benefits to doing your home... Read More
If you have a recent bankruptcy on your credit and... Read More
Refinancing your home or property is a big decision that... Read More
"Own your home free and clear in 3 to 4... Read More
A mortgage lead is an exciting thing because you are... Read More
Whether you are a first time home buyer or a... Read More
Federal banking regulators have recently expressed some concern over the... Read More
Real estate prices are rising across the country, and Americans... Read More
There are many benefits in choosing a remortgage, some of... Read More
A mortgage is borrowing money using property as a security,... Read More
There are many types of mortgages, and the more you... Read More
About 29% of current homeowners and a much larger percent... Read More
So, your bank had just turned you down for a... Read More
If you are currently looking for a new home, chances... Read More
As loan officers, the word "lead" is by far one... Read More
Refinancing your debt via a home equity loan shifts your... Read More
Do you know what it takes to qualify for mortgage... Read More
One of the biggest reasons homeowners refinance their mortgage is... Read More
Have you ever noticed how hard it can be to... Read More
A problem that often arises when people try to refinance... Read More
Mortgage refinancing is when you take a mortgage of a... Read More
Your equity is the amount your home is worth, on... Read More
Mortgage Refinance |