Credit scores and reports are some of the most important tools a lender has at their disposal when underwriting a commercial mortgage. Because of this, it’s crucial for brokers to understand each borrower’s credit history and how it could impact any loans for which they apply, as well as how to help borrowers with less-than-stellar […]
Read More… from Understanding the Role of Credit in Commercial Mortgages
2020 is expected to be another record year for commercial and multifamily lending, according to a forecast released by the Mortgage Bankers Association last week. Mortgage bankers operating in this sphere are expected to close $683 billion of loans backed by income-producing properties in 2020, an increase of 9% over 2019’s projected record volume of […]
Read More… from Thriving Commercial Mortgage Industry Is an Opportunity for Brokers in 2020
Interest rates are going to continue to rise. That’s the general consensus among experts in various sectors of the financial industry, and commercial mortgage brokers will need to keep that in mind when assessing financing for borrowers. Brokers need to understand how a rising-rate environment affects both their clients’ decision-making process and a lender’s analysis. […]
Read More… from Find the Right Commercial Mortgage for Your Borrower
The Federal Reserve raised its benchmark by a quarter of a point at its Wednesday meeting, and policy makers have stated that they expect two more rate increases this year, according to CNN. The federal funds rate, which affects rates for mortgages, credit cards and other types of borrowing, was lifted to a range of […]
Read More… from Consider Fixed Rate Commercial Mortgages as Fed Raises Benchmark
Residential brokers looking to earn more and grow their business have a great option in small-balance commercial mortgages. Closing loans within this niche is simple, fast, and allows brokers to make more money while continuing to work with residential borrowers. However, it’s important to know the differences between residential and small-balance commercial mortgages. Here’s what […]
Read More… from The Small-Balance Commercial Difference: You Can Earn More
At APEX Mortgage, we value the partnerships we’ve formed with our brokers and we understand their essential role in the process of closing small-balance commercial mortgages. We routinely seek feedback from our brokers in order to enhance our business and your experience with us. And one of the most common things our brokers have requested is […]
Read More… from New Commercial Mortgage Program with a 6.5% Starting Rate!
For brokers looking to earn additional income, adding commercial mortgages to your product offerings is a great way to expand your business. Small-balance commercial mortgages in particular are a great way to get started in the industry. Before you begin looking for leads, though, it’s important to understand the differences between commercial mortgages and residential […]
Read More… from Three Ways Commercial Mortgages Differ from Residential Mortgages
Commercial and multifamily mortgage volume totaled $490.6 billion last year, according to the Mortgage Bankers Association’s (MBA) 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation released today. While the reported dollar volume for commercial mortgage lending fell from 2015 to 2016 by three percent, 2016 was still good year for the industry. “Last year […]
Read More… from 2016 Was a Strong Year for Commercial Real Estate
Last week, the Federal Reserve raised its benchmark interest rate to a range between 0.75 percent and 1 percent. This marks the second rate hike in a three-month period. Despite the increase, Federal Reserve chairwoman said that the Fed did not share the optimism of stock market investors and some business executives that economic growth […]
Read More… from Fed Raises Benchmark Interest Rate at March Meeting
When Federal Reserve policymakers signal a potential rate hike, commercial mortgage brokers would do well to consider the potential effects of rising interest rates on the mortgage market and what they need to do in order to keep their business strong. One of the best ways to increase your business and maintain a steady flow of […]
Read More… from The Benefits of Fixed and Fully-Amortizing Commercial Mortgages