Church Loans and church financing with no guarantees.
If you are looking for a loan your bank is unwilling to offer
(such as a 90% mortgage with a 30 year fixed rate) you may want to look outside the bank.
Traditional bankers have a working knowledge of the products that their bank may offer,
but a mortgage consultant specializing in automotive properties will be aware of any niche
products for your industry and can sometimes offer terms much more favorable than
your local bank.
There are steps you can take to minimize your interest rate risk.
You could first deal with a lender that specializes in automotive properties.
There are many lenders that do not require the full ârelationshipâ that the bank requires.
In bankers speak, relati View the rest of this article
Thursday, September 20, 2007
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