Important Questions To Ask Your Small Balance Commercial Mortgage Lender
For brokers who are new to the small balance commercial mortgage niche, the secret of your success will be finding the most reliable lender. In order to decide whether a lender is appropriate for you, it is essential to get to know them & ask them as much info regarding their process as feasible. To get you started listed below are some very important question that you want to ask your lender. What are your minimum & maximum loan sums? Is stated income available for self employed borrowers that right off everything on their taxes? Is Hard Money or Private money available for deals that have to close in 1 or 2 weeks for borrowers that have low FICO scores? Before submitting a small balance commercial mortgage request to a lender, it is essential to ask how much or how little they are ready to lend to borrowers. For how long has their company been in the industry? It is also much needed to comprehend for how long a lender has offering small balance comm