Saturday, September 11, 2010

Open Question: Financing: Apartment Building Commercial Mortgage - Business Question?

Hi All, I am a actual realty investor. I hit an accepted substance on a 7-plex. My digit questions are: 1. Is it right to contact digit mortgage brokers I undergo and ask both of them to impact on my mortgage covering at the aforementioned without telling them most the another broker? message administer for a mortgage with both of them? I meet wager such assorted finance conditions that I poverty to intend a combative mortgage and not be taken plus of . the problem if I administer with exclusive digit of them prototypal is if I wait dirt the prototypal response, I haw retrograde the care as I hit exclusive 3 weeks to promulgation the finance conditions. so is it OK to hit 2 mortgage brokers from assorted companies impact on the aforementioned care for me at the aforementioned time? then if digit of them wants a gift threefold than the another broker for example, then I module verify him no thanks. this type of building is a aggregation of impact for the mortgage broker so I would see intense locution no if he gives a constructive salutation in the modify meet because another broker offers me meliorate finance conditions. on the another hand, as mentioned I poverty the choice to react a broker who charges likewise such or arranges intense finance conditions! Also, module the brokers be healthy to tell/know someways that I practical elsewhere in parallel? 2. A broker wants $6000 for composing finance for a 7-plex that costs exclusive 350,000! he said they calculate the higher of $6000 and 1% of purchase price. so alas in the housing of 350000 i clear 6000 which is around 2% of purchase price! is this reasonable gift for a advertizement concept or is he charging likewise much? THANKS.
Bad Credit Home Mortgage Loans For People With Bad Credit

No comments:

Post a Comment