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Home > Financial Services > Mortgage Brokers > Silver Hill Financial
Silver Hill Financial
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Silver Hill Financial is a nationwide commercial real estate lender that offers financing to borrowers through a network of mortgage brokers and correspondents. The company is a subsidiary of Bay view Financial, a Florida-based real estate investment and mortgage finance company with more than $9.8 billion in assets and more than 20 years of real estate finance experience. Unlike other lenders, their focus is exclusively on commercial real estate lending.
The firm takes an innovative, residential-style approach to commercial mortgage lending. This unique program provides an alternative to bank financing that is ideal for strong borrowers seeking loans from $100,000 to $1.5 million. Their program is attractive to borrowers, profitable for brokers and easy for both.
The Silver Hill Financial program provides many benefits to borrowers and brokers that include 48-hour pre-approvals, most rates locked at pre-approval, streamlined underwriting, subordinate financing, quick closings, multiple pricing options, minimal costs, long terms, lucrative commissions up to 4 points, plus fees on each deal and no lender points, no yield maintenance and no loan committees.
They assist you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; Getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
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