Want your Loan Approved?
Thursday, May 22, 2008
Far too many times as lenders we invest our valuable time, effort, and energy into a deal, only to have to later PASS on the file after uncovering suspect information about the borrower/property/deal in general. I ran across a great article recently that addresses this issue and wanted to post it fo.. .. read more..
Business Cash Advances
Wednesday, April 16, 2008
If you haven\'t seen it already, you\'re missing out on our newly introduced Business Cash Advance Program . We\'re now able to put cash in your clients\' hands without any real estate as collateral. This program is able to leverage current credit card sales into cash by selling a small portion of thei.. .. read more..
Commercial Appraisals
Friday, February 15, 2008
With the vast increase in commercial submissions we\'ve seen lately, the question invariably gets asked... \"Why are commercial appraisals so expensive and why do they take so long to perform?\" It\'s no surprise that the $2,500 to $10,000+ price tag can generate a little sticker shock from our broker .. .. read more..
Commercial Loans - The NEW SubPrime
Tuesday, November 13, 2007
Stepping over line and into the realm of commercial lending can feel a little daunting at first - almost like stepping into the Wild West of the lending world. Trust me when I tell you that while there are differences, it\'s nothing that you\'ll need a six-shooter to overcome. Let\'s explore some of t.. .. read more..
Too Many Homes, Too Few Buyers
Thursday, October 25, 2007
As touched on briefly in a previous post on valuations , one of the major factors overhanging our current real estate market is the sheer number of properties currently available for sale. This vast inventory of unsold homes blankets the nations and keeps our prospects of increasing values in the d.. .. read more..
Jumbos - Supersize my loan
Monday, October 15, 2007
Hard money, super jumbo - is it really true!?! The quick answer is YES , we can lend these kinds of dollar amounts. In fact, we\'ve started to see quite a few of these $1,000,000+ deals over the course of the last few weeks alone. The jumbo loan has always been a deal that we\'ve been able to get don.. .. read more..
Timeline - Can we close yesterday ?!?
Wednesday, October 10, 2007
Ever heard of a loan closing in less than a week? We\'ve done it. Submitted on Monday & closed on Friday. I\'m not going to stand here and tell you that it\'s an easy thing to accomplish, but if all the stars align correctly, it is possible. Even though the majority of deals take longer that 7 days to.. .. read more..
Mortgage Lenders - Behind the Scenes
Thursday, October 4, 2007
AN INSIGHT TO HOW LENDERS LEND AND THEIR RELIANCE ON OTHER LENDERS The vast majority of mortgage brokers assume that when they are working with a mortgage bank that they have ample or unlimited funds and that all quality controls and decisions are made in-house. This article is designed to give bro.. .. read more..
Determining value in today\'s uncertain market
Saturday, September 22, 2007
Countless times we are asked: Do you cut appraisals? Do you slash values? Are you going to kill the value on my deal? No . No . and No . But you\'re a lender, of COURSE you\'re going to say that... comes the response. Take a moment, put down your pre-conceived biases and take a quick view from the le.. .. read more..
Finding the Benefit in Net Tangible Benefit
Monday, August 27, 2007
For a number of years the broker was top of the mortgage world totem pole. This penultimate position allowed some brokers the ability to inform the appraiser how much the subject property was worth and to tell the borrower(s) how much money they earned each year. Small fibs grew to stretching the t.. .. read more..