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BROKERS
ARE PROVIDING QUALITY LOANS TO PEOPLE -- NOT JUST QUOTING NUMBERS
The world of finance is a world of constant change.
Your Broker is dedicated to keeping up with this change to provide the
maximum level of professional services to their clients.
This dedication is based on a belief that professionalism comes only from
an intense commitment to customer services.
As a result, hiring a loan broker to seek a lender could save you
time and aggravation.
The primary reason for business failure is
under-capitalization. Money is a
product with high demand, as everyone wants it.
There are various means by which to secure capital.
Your Broker is familiar with these means, as well as the numerous types
of business loans available to clients to allow them to meet their business
needs. These include commercial
real estate, both traditional and SBA loans, Equipment Leasing, Sale/Leaseback,
Regular Receivable Factoring, etc. Thus,
a Broker can be a "one stop" funding source.
The Lender wants to loan money to someone who can
handle it wisely and has demonstrated the ability to pay for it.
Since Lenders take a greater risk with a special use property, they
insist on greater protection through such items as higher interest rate,
personal or corporate guarantees or pre-leasing requirements.
Lenders don't provide equity funds.
The project has to be able to retire its debt over a reasonable length of
time, with a sufficient cushion between cash flow and debt service requirement.
The income-producing capability of commercial real estate itself
establishes the value and, thus, the amount of financing available.
Many Lenders use the services of Brokers to perform
what is known as the origination of the loan.
This means they meet with and qualify the Borrower, verify the credit and
property aspect of the loan, and then provide the loan to them for funding.
Lenders know that the Broker will not ask for one million dollars if the
project can only justify one hundred thousand dollars.
For performing this function, the Lenders give the Broker a wholesale
cost, a cost that allows the Broker to always be competitive with those
Lenders that utilize their own staff to perform the functions of a Broker.
Thus, it does not cost more to use the services of brokers.
If the Borrower were to apply for a loan from a
Lender directly, the Lender would do what Lenders always do - make the Borrower
fit their program. A Broker
receives rate quotes daily from Wholesale Lenders nationwide, with many
different programs and loan approval criteria.
A Broker, as the representative of the Borrower and not the lender,
then finds the program to meet the needs of the borrower, as that is the only
real way to get the best loan. Thus,
Brokers represent the borrower - not the loan program.
Your Broker knows that the financing they provide has
a third ingredient beyond rate and fees - timely performance.
The Broker has an intense desire to honor their commitment to provide the
financing requested in a timely manner, for to do so gives them their lifeblood
of their industry - loan referrals from their clients.
As a result, Brokers are committed to consumer satisfaction.
At
PK Mortgage & Financing Services, Inc., this theory of
commitment to consumer satisfaction, is the back-bone of our company.
We understand the need for capital and the concerns present with both
start-up companies and large corporations.
In addition, our small company atmosphere provides that extra attention
which ensures that the right program is properly matched to each Borrower's
needs.
By
Prakash Kapoor, President, PK
Mortgage & Financing Services, Inc.
____________
WHY
WE ARE YOUR
#1
SOURCE FOR
LOANS
PRICE: Many
lenders use the services of Mortgage Brokers to perform what is known as the
"Origination" of the loan - to meet with and prequalify the Borrower,
verify the credit and property aspects of the loan, and then provide it to them
for funding. For performing this function, the Lenders give the Mortgage Broker
a WHOLESALE COST, a cost that allows your Mortgage Broker to always be
competitive with those Lenders that utilize their own staff to perform the
functions of the Mortgage Broker. IT DOES NOT COST MORE TO USE THE SERVICES OF A
MORTGAGE BROKER.
SERVICE:
Your Mortgage Broker knows that the financing they
provide has a third ingredient beyond rate and fees - timely performance. The
Mortgage Broker has an intense desire to honor their commitment to provide
financing requested in a timely manner, for to do so gives them the lifeblood of
their industry - loan referrals from satisfied brokers and borrowers. THE
MORTGAGE BROKER IS COMMITTED TO CONSUMER SATISFACTION.
SELECTION:
If you were to apply for a loan from a Lender
directly, the Lender would do what Lenders always do - make you fit their
program. Mortgage Broker receives rate quotes daily from Wholesale Lenders, both
local and out of the area, with hundreds of different programs and loan approval
criteria. Your Mortgage Broker, as the representative of the Borrower and not
the Lender , then finds the program to meet the needs of the Borrower - the
only real way to get " Best Loan".
MORTGAGE BROKERS REPRESENT THE BORROWER - NOT THE LOAN PROGRAM.
PROTECTION:
Interest rates change daily, and your Mortgage Broker
can provide the Borrower the safest loan available. The Borrower can, under most
programs, choose to obtain a letter of commitment from Mortgage Broker at
initial application that will insure that the rate being offered will be
available at the close of escrow. THE MORTGAGE BROKER PROTECTS THE BORROWER.
PROFESSIONALS:
The world of mortgage finance is a world of constant
change. Your local Mortgage Broker is dedicated to keeping up with this change
to provide the maximum professional service to their clients. This dedication is
based on belief that professionalism is intense commitment to customer
satisfaction. MORTGAGE BROKERS ARE REAL PROFESSIONALS.
MORTGAGE
BROKERS:
PROVIDING LOANS
TO PEOPLE - NOT NUMBERS
CALL US TO-DAY
PK MORTGAGE & FINANCING SERVICES, INC.
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