There are dozens of extremely good reasons why you should avail yourself of the services of a qualified commercial mortgage broker, from the simple fact that they are able to provide the best advice on a full range of mortgage products from a variety of lenders, to their ability to deal with the complicated application process entirely on your behalf.
Applying for a commercial mortgage is a complicated and long-winded process, one that is best left to a professional with the knowledge and expertise to expedite the entire process as quickly as possible. Below are listed the main benefits to be had in employing a commercial home loan dealer.
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A broker has access to a far wider selection of lenders and products than a private individual. This allows them to correlate your requirements with a good selection of mortgage products, and advise you as to the best fit for your business situation.
The documentation that needs to be created and presented to a lender when applying for finance is far more in-depth than the equivalent residential of private counterpart.
Individual companies are unable to approach lender en-masse and are forced to begin an application process with each lender. A commercial mortgage broker can make a single application, to a range of lenders, requiring one set of documentation.
Commercial lenders operate a far different set of lending criteria than lenders who provide personal mortgages. A broker knows these criteria and can tailor your application to fit the requirements of the lenders more closely.