Commercial Mortgage Lending Without Limits
We provide small balance and large balance funding for virtually any commercial or investment venture. We have our own commercial mortgage loans investment lines in addition to extensive investment sourcing at the public and private levels to $100,000,000. Regardless of the complexities of your situation, if it can be done, we can do it best.
Commercial lending – We can fund a wide variety of property types and we believe we can exceed your expectations as to how quickly and how efficient we can be in pricing and executing the loan for your commercial project or venture. Commercial lending doesn’t have to be frustrating or an adventure with an unknown outcome. Please call us to let us know how we can help you and so that we can answer any questions you might have. Whether you are seeking to fund a loan for an apartment, office, hotel, or retail property, we can help.
Tips to Finding the Best Mortgage Rates
The process of tracking down a great mortgage can be intimidating. When shopping for mortgage rates, look at a variety of options before zeroing down on one specific rate. Here are some tips that may help you navigate the seemingly endless mass of options.
Before starting your search for the ideal mortgage rate, it is a good idea to familiarize yourself with the popular mortgage rate structures. Be able to tell the difference between a fixed rate mortgage and an adjustable rate mortgage and know their respective pros and cons.
Once you have established an overall knowledge of common mortgage rates, use the Internet to do some basic research. Most mortgage lenders have websites you can use to gain background information and review the packages available in your area. Reach out to promising lenders to request quotes. One such potential lender can be your bank. Banks often provide excellent mortgage rates depending on your account standing.
Write down the details of the comparisons you have made. Make sure to note if the quotes you have collected are for adjustable rate mortgages or fixed rate mortgages as the end cost of each may vary drastically. Also note different margins for ARMs and changing rates for ARMs that have an initial fixed rate period.
If your own online research isn’t getting the results you need, one of the best ways to shop mortgage rates is through you local mortgage broker. A good mortgage broker will provide you with the best rate quotes from a variety of lenders for a basic fee. Be savvy in your choices though. Some mortgage lenders are less reputable than others and may only want your mortgage so they can sell it at a profit.
A final and crucial step to narrowing down your pool of target mortgage rates, is to ask each lender to list any additional fees. These can be administrative costs, transaction fees and taxes that can, when added together, make a good mortgage much more expensive than the interest rate alone would suggest.
These are just a few tips to help you on your search for the best mortgage rate. If the variety still seem complicated, don’t lose heart. You can always turn to a mortgage broker for help if the choices become too overwhelming.
