Hello and after the holidays. Dear members of the forum, Because of the holiday, I did not write a week ...

Hello and after the holidays. Dear members of the forum, Thanks to the holiday I did not write last week and now I am returning with new energies.
10 Recommendations before taking a bronze mani loan
In a perfect world, all Bronze Mani loans are made in the same procedure from start to finish. But in practice, all Lender changed his requirements. Below we will review the significant steps that almost all of Lender's in the hard-manic field are correct.
1. Before submitting an application, you must create a document (excel priority) with all the same jobs that the investor has performed during the past year with all the relevant facts, including if taken loan, loan amount, loan description (constructshin lon or, hard mani), loans of over 300K It is recommended to add documentation supporting the type of loan taken.
2. It is advisable to conduct a market survey in order to obtain the full data regarding the terms of the loan in the investment area. Another reason to conduct a market survey since it is known that all Lender changed his requirements and always want to find Lender with whom it is convenient to work in relation to his demands.
3. By order and information that the borrower receives from the investor, the investor can bargain on the price, including fees, interest on withdrawals and the like.
4. The investor must demand a draft working agreement with the borrower so that all fees and basic conditions are known and agreed upon prior to financing the loan and before depositing the GFD.
5. Prepare an offer summary: Once the job offers are placed on the investor's desk, a summary should be created with all salient facts, including accepted transaction terms, and make comparisons. It is not always cheap on paper, in practice (for example, closing costs, penalties, refurbishments, etc.).
6. It is advisable to ask Hellender to prepare a summary with basic information of the lender. This information should include the company's experience, financial platforms, use of funds, etc., credit reports and financial statements. This information is important because many times the lender uses investor funds for a specific transaction and therefore it is possible that the investor will reach the Teitel company on the closing day and Lander does not have the funds to finance the deal in question. (Note, this request can irritate vows)
7. It is important to get a cruise before landing. So the lender must ask for approval because he has received all the relevant materials required for the loan. In addition, the landlord must request a closing date.
8. Get a letter of commitment: get the letter. The letter will include the closing date with all relevant adjustments.
9. It is advisable to keep and document all relevant material in the cloud, including email correspondence.
10. Even after closing, it is advisable to keep in touch with the borrower (provided that the promissory note is not sold of course), to ensure that no problems with payments, withdrawals and the like arise.

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