How a Great Loan Provider Looks After You, Part 1

Published March 16, 2012

In a couple of recent posts, I’ve shared with you tips on how to do some due diligence on providers of apartment loans. Today, I’m going to share with you how a great apartment loan provider looks after you to make sure they have quality loans to offer you.

First and foremost, such providers will do careful due diligence to check that the loan providers they select are reputable companies that operate with integrity. At Apartment Loan Store and Business Loan Store, when we locate a potential new loan source, we ask for testimonials, and we talk with those customers who gave the testimonials – an important due-diligence step.

We also carefully examine business practices. For example, we may be suspicious of people who charge up-front fees, especially when unnecessary. We are particularly cautious in this area because there are unscrupulous providers of commercial loans who operate a scam of taking up-front fees from customers, and then you never hear from them again. I personally have never asked for up-front fees, and I feel uncomfortable about them, even though there are some situations that may call for them.

Just like there are people in charge of security when it comes to computers, a good apartment loan provider will do a good job protecting you to make sure you have a good experience in acquiring apartment loans.

We are also concerned that we pick lenders who will take care of you in the loan process from the beginning to the end. For example, if we find that a loan provider procrastinates and drags on in carrying out their loan functions, or if they have other areas where customer service falters, we will see a “red flag” around working with them.

Give us a call at 866-811-9515 to get a rate quote and ask any questions. We are your A+ Better Business Bureau apartment loan service. We are to help you accomplish your apartment loan dreams and goals.

By Bruce Painter, Marketing Director