Bank-Speak 103: Defining Terms & Decoding Acronyms
Nothing has the power to say, “I’m your mark,” as does sitting dumbfounded in a conversation you don’t understand. Language is a powerful tool and one that can be employed as a formidable weapon... https://www.garychromiak.co/.../bank-speak-103-defining...
#GaryChromiak#GRayCommercial#commercialloans#loans#businessloans#businessloanbroker
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The weather turned frightful for large loans that missed the extended window of 3 - 4.6%. Although it’s always best to see the lowest possible interest when borrowing, sometimes time is the boss. It isn’t always prudent to refinance early - especially if you’re holding a loan with a prepay penalty. Making the best of a rate challenge involves looking at the long-range forecast and planning the types of deductions that create the most growth over the course of the length of your loan. Whether you’re getting a new loan or you're refinancing an existing loan, avoiding a prepay penalty may be your best move.
If you’re looking for your first commercial financing, learn from the ground up: Borrowing 101: Who Needs a Broker?
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The weather turned frightful for large loans that missed the extended window of 3 - 4.6%. Although it’s always best to see the lowest possible interest when borrowing, sometimes time is the boss. It isn’t always prudent to refinance early - especially if you’re holding a loan with a prepay penalty. Making the best of a rate challenge involves looking at the long-range forecast and planning the types of deductions that create the most growth over the course of the length of your loan. Whether you’re getting a new loan or you're refinancing an existing loan, avoiding a prepay penalty may be your best move.
If you’re looking for your first commercial financing, learn from the ground up: Borrowing 101: Who Needs a Broker?
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Borrowing 101: Who Needs a Broker? Starting a business is exciting. The creative aspects of your product or service are tailored to your vision, and your best business model is critical to success... https://garychromiak.co/blog/borrowing-101-who-needs-a-broker… #GaryChromiak #corporate
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Business 102: Clarifying Goals and Succession Planning. Congratulations; you’ve launched your company and after nurturing your vision, setting your goals, and marketing your product, your business is in the black... https://garychromiak.co/blog/business-102-clarifying-goals-and-succession-planning…
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This season G-Ray Commercial has celebrated an inspired resurgence of successful loan closings. As you’re probably aware, the pandemic’s lull evolved into an extended spell of low rates and competitive terms. Most recently, the market’s shift effected banking with daily changes to those numbers. Recent weeks sent customers into a flurry of financing activity. As the climate shifted from the high 3’s to over 6%, business owners strove to acquire their best possible
loans. Stay tuned for updates. By the way, if you’re new to the lending process, learn the basics with Borrowing 101: Who Needs a Broker?
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Quote of the day...
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The weather turned frightful for large loans that missed the extended window of 3 - 4.6%. Although it’s always best to see the lowest possible interest when borrowing, sometimes time is the boss. It isn’t always prudent to refinance early - especially if you’re holding a loan with a prepay penalty. Making the best of a rate challenge involves looking at the long-range forecast and planning the types of deductions that create the most growth over the course of the length of your loan. Whether you’re getting a new loan or you're refinancing an existing loan, avoiding a prepay penalty may be your best move.
If you’re looking for your first commercial financing, learn from the ground up: Borrowing 101: Who Needs a Broker?
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Quote of the day...
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Quote of the day...
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Quote of the day...
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"There will be obstacles. There will be doubters. There will be mistakes. But with hard work, there are no limits." - Michael Phelps
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Quote of the day.
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Borrowing 101: Who Needs a Broker? Starting a business is exciting. The creative aspects of your product or service are tailored to your vision, and your best business model is critical to success... https://garychromiak.co/blog/borrowing-101-who-needs-a-broker… #GaryChromiak #corporate
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Business 102: Clarifying Goals and Succession Planning. Congratulations; you’ve launched your company and after nurturing your vision, setting your goals, and marketing your product, your business is in the black... https://garychromiak.co/blog/business-102-clarifying-goals-and-succession-planning…
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Visit our new website at Gary Chromiak and G-Ray Commercial for information and resources regarding commercial loans.
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