Asset Based Loan

Home Sales drop increases need for broker funding sources?

The National Association of Realtors reported today that sales of existing homes dropped 3.8% from a year ago in May.    This drop may well cause some prospective home purchasers to consider the use of a broker’s expertise.    The broker will in turn consider direct as well as broker funding sources.

Many skilled brokers have the knowledge of which sources have the programs to underwrite the borrower.    Consumers are rate and terms driven and have little, if any understanding or thought to the fact that underwriting criteria will vary somewhat from institution to institution.

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As a result, consumers should consider a skilled broker that will employ both direct funding sources and broker funding sources in their quest to successfully underwrite the borrower.

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We provide asset based funding for businesses, from equipment leasebacks to bank statement financing, Small Business Loans Depot offers niche and unique funding programs for referral brokers.