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7 Tips For Mortgage Brokers

7 TIPS FOR MORTGAGE BROKERS Increase your chances of securing a hard money loan 1.Understanding Your Client's Goals 2.Creative Lenders Lenders who think outside the Ensure you lead your client to a lender that matches their needs. box can sometimes offer your clients the best solution. 3.Honesty is the Best Policy Find a lender who can deliver 4.Network on his promises and not make excuses. Cultivate a relationship with as many hard money lenders as possible. Different lenders may offer different solutions. 5.Show Flexibility and Resolve 6.Think Long Term Your client is willing to pay your commission because you will get him the best deal and make it as easy and fast as possible. Ensure your lender will lend you hard money for a wide range of investments. 7.Due Diligence Make sure the points are paid at closing from proceeds. C CENTURY CAPITAL PARTNERS

7 Tips For Mortgage Brokers

shared by CenturyCapital on Jun 09

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7 Mortgage Broker Tips That Will Clinch Hard Money Loans For Your Clients Every Time 1. Understand your client’s goals. Some lenders may not take the time or make the effort to give hard money loan... s to people who don’t fit exactly the mold they’re looking for. Make sure you bring your client to a lender who can offer the best hard money loan that matches your client’s needs. 2. Creative lenders are your key to success. Look for lenders who are able to work outside the traditional lending matrix. Your clients are looking to you to offer them a solution that they may not be able to get from other lending sources. 3. Honesty is still the best policy. Find a lender who can deliver on his promises, not make excuses. A lender who tells you he’s honest is suspect. You want him to show you what he can do because if he can’t deliver it’s you who will look dishonest to your client. 4. Cultivate a relationship with as many hard money lenders as possible. Different lenders may offer different solutions when it comes to environmental issues, terms, market conditions, etc. 5. Show flexibility and resolve. The client is willing to pay your commission to get a hard money loan because he has confidence that you can get him the best rate, close the deal quickly, and complete all the paperwork with the lender. He wants a finished package that lets him sign on the bottom line.

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