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Commercial Mortgages

As you know I work at a mortgage company. Yes, it is in the IT department. Computer programming. But we do have a mortgage on our primary home. I do know a bit about the mortgage industry and have some thoughts. The industry is going through a rough time, no doubt about it. Primarily in the residential space. A couple of years ago the market for residential mortgages was go go go. Mortgage firms would give someone a mortgage for anything. And to anyone – credit issues, no problem; no job, no problem. It was crazy. Now those practices are really biting mortgage companies in the ass. Yes the residential space is on its ass. But the commercial space did not suffer the same things. Maybe because companies in that space are smarter than your average homeowner. People who want a Commercial Mortgage are just not as dumb, and maybe they have a better and more dependable revenue source than plain people. And anyone who needs commercial mortgage information should really check out the link. I think businessmortgages.co.uk is pretty unique in that they offer their services to the segment of people who need business mortgages. And they do not offer mortgages, but rather they find the best rates in the commercial mortgage space. They are doing a good thing. Check them out.

1 Comments:

Blogger Jessica said...

Understanding the benefits of different mortgage offerings can be a complex process. How do you figure it all out? Think of it as your personal guarantee that you'll repay the money you've borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. Make sure you select the mortgage that is right for you, your future plans, and your financial picture. If you are an individual with bad credit you might think a mortgage is just out of your reach. However due to big number of mortgage seekers who fell into bad credit the bad credit mortgage was created. There are now many lenders that specialize solely in writing bad credit mortgages. It is important to understand that because you have a poor credit rating you represent a much higher risk for lending. Because of this risk you will pay more for almost every aspect of your mortgage.

 

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