To some people who have never tried to secure a mortgage or refinance a real estate property, it might not be immediately clear why you would use a company like Loanbidz to make one of these deals happen. However, if you’ve ever been on a certain side of the settlement table, you know from the very first glance at our landing page how enormously important this kind of service is!
Here are three key reasons to use us to help make a real estate lending deal happen.
Chaos in the Lending Market
Sometimes you hear people talking about how they can get the best interest rate for a particular piece of property.
What you don’t understand, unless you’ve been through this business before, is that interest rates are always changing, like shadows on the wall. A particular lender’s base interest rate changes every single day – that’s right, every 24 hours the numbers reset, and they can go in any direction at all. Most lenders won’t even try to predict where these prices are going, or give you the transparent price history.
With this in mind, you can see how trying to secure an equitable loan is like building your house on the sand … shifting sand.
Busy Agents and Assistants
You may have also seen this in play in the lending market before.
An agent collects active contracts, and doesn’t stop when he or she reaches the reasonable maximum of what you can handle in 24 hours. So he or she gets an assistant. But nobody invests the time in the agent talking to the assistant, and vice versa.
As a result, when you have questions or need to work with underwriting or perform key tasks that will be crucial to your loan, you can’t get the time of day.
That’s another key reason why it’s important for a third party to get involved. Our customers talk about the professional and responsive character of our team, and that’s what you need to make good settlement deals happen cleanly and decisively, without undue chaos.
In many real estate lending deals, there is an intense amount of paperwork to be done.
Some documents can be completed through Docusign. Others can’t. Some may need the involvement of a notary. Some may need a witness. Some may require printing and faxing…
You see where this is going. The logistical problems that arise with the course of a real estate loan application and approval process are manifold. Again, having a professional and reliable responsive person at the center of one of these deals is often the difference between success and distressing failure.
We’re a member of the American Association of Private Lenders and with our experience in real estate lending, we’re ready to help you to make a good deal.