Welcome to Jubilee Acres Finance
If you have been looking to find yourself a place to settle in or are in need to rent for a short amount of time, then Jubilee Acres Finance is right for you.
Getting the right plan, getting the right deal for you is the utmost priority for us and you are not going to leave us in sheer disappointed.
WHAT CAN WE DO?
Jubilee Acres Finance is working as a finance broking firm. We focus on providing our customers with the best option to keep their initial costs down to as much as possible and even people with bad credit scores are encouraged to not hesitate in applying for a loan.
Finance Broker: How they Work
Finance brokers job responsibilities include working with a client and negotiating with banks, credit unions, and other sources that specialize in providing finance – on behalf of their clients. Similarly, mortgage brokers are a representative for hiring in order to deal with negotiations related to a home loan. These brokers are responsible for managing a plan with you from the initial loan process until the settlement of that loan is complete.
A broker gets their payments through the commission set by the providers or both parties and is working to get the best deal for you and themselves. The commission rate is a variable depending on the provider. Different sources have different commission rates and the higher the commission rate, the more recommendations the broker will make for the providers.
People who are looking to get a loan or a mortgage loan and are unable to negotiate the best deal from loan providers; they will hire the broker for their services. The finance broker will then work closely with the borrowers, getting the right information, documents, credit scores, financial history in order to determine the financial stability.
After collecting all the useful information, the brokers will then easily be able to offer you with several options. They would also recommend the type of loan you should opt for and offer their advice on the full repayment plan. However, in the end, the choice is completely upon the borrower and they can decide to follow or not follow the advice.
The services of a finance broker will be applicable throughout the deal. During this process, all the communication between the provider and the borrower will be done through the broker or their representative company.
A broker may charge you upfront for working out the deal, which is known as the loan origination fee. There is also the option to offer a no cost loan by the broker but this type of loan increases the interest rate paid by the borrower.
The finance broker is working merely as a guide. They are responsible for working with you until the final deal is closed. A finance broker will be working to provide you with various options and can also work as a good consultant once the loan has been rejected. They will help you determine the various reasons your loans were rejected the first time and can help you in finding a way around it.Read More
Importance of a Specialized Finance Broker for Development Finance
When it comes to obtaining finances for development projects, it is of the utmost important that a specialized finance broker is hired as you are working to get a loan that is specifically reserved for development projects.
The very first reason for working with a specialized finance broker is that with a specialized person, the rate of getting your finances approved significant increases. There is an absolute guarantee that you will be getting the best possible package and the right payment plan. A specialized finance broker is someone who has been working in the same field and has years of expertise obtaining similar loans.
If you have been working as a property creator or a development projects expert builder, then a specialized finance broker is going to able to obtain loans for you for projects like.
- Residential construction projects
- Industrial property projects
- Commercial construction projects
- Retail property projects
- And, land supervisions projects
While applying for a loan for a development project or projects, you have to be very aware of the type of information you want to provide to the finance broker. There can be many details that play an important role in getting you the finances you need, however, a few major piece of information is necessary.
For development finance, the first thing of the highest priority is your business plan. The business plan is directly a representative of you and your company’s vision. A good business plan can serve as a stepping-stone for getting you the finances for your project.
The second thing that you need to be able to provide is the relevant experience you have while working as a developer. The location of the project also has to be revealed. Your company’s financial history also has to be revealed and your performance will be revealed through your financial statements.
Details of the amount of money you are looking to lend and how much finance is needed to get the project through its initiation phase. Approved copies of the development plans also have to be revealed.
A specialized finance broker who has been working with similar projects can supervise all these documents. The benefits of taking this approach would be that the plans or any document will be made in exactly the manner the lenders are looking to see them in. This will make the whole process easier as they have been working on development projects. From the process of getting the initial loan to land acquiring documents, a specialized finance broker can take care of these documentations with you.
As the nature of these projects is pretty huge so getting the services of a specialized finance broker is absolutely necessary. This will make sure that you not only get the approved funding on time but also make sure that you are not going to be paying anything more than you can afford. A specialized finance broker also ensures that a right interest rate is agreed upon and suitable repayment plan is devised for you.Read More