Watch Related Videos
comments
Commercial mortgage banks can operate independently or as a broker for another entity. A primary advantage of finding a commercial mortgage bank to finance your home loan is they are usually solid, known entities in your community and enjoy a strong reputation. You will feel secure obtaining your home loan from a commercial mortgage bank.
Find a Commercial Mortgage Bank for Your Home Loan
Commercial mortgage banks are overseen by the Federal Government and strictly regulated. They will usually fund your mortgage with their own money. The transaction will generally be in-person, clear and straightforward. It's also easier and simpler to get direct answers to any of your questions when you obtain a loan from a commercial mortgage bank.
As with any lending institution, the bank will closely scrutinize your financial condition, but if you find a commercial mortgage bank to finance your home loan and you already do business with other areas of that bank, you may be able to obtain lower mortgage fees and interest rates.
If you qualify, many commercial mortgage banks offer a pre-approved line of credit before you have found a home you wish to purchase. When you are ready to make an offer, pre-approval will lend weight to your offer and assure both real estate broker and seller that you are a qualified applicant.
Find A Commercial Mortgage Bank For Your Home Loan
Check your 3 Credit Scores here for Free.
