Tag Archives: Loans

Fmr Wells Fargo Subprime Loan Officer: Bank Targeted Black Churches for Subprime Loans 1 of 2

Up until two years ago, Elizabeth Jacobson was the top producing loan officer in the subprime division at Wells Fargo. Today she is speaking out against the practices of her former company. Earlier this summer, she filed a sworn affidavit with a federal court in support of the city of Baltimores lawsuit against Wells Fargo for pushing high-interest, subprime loans onto African Americans in Baltimore and the Maryland suburbs, leading hundreds into foreclosure.

Church Loans, Church Financing and Church Mortgage Company

Church Loans, Church Financing and Church Mortgage Company

People who is lending for loans will prefer the services with low bond fees, no processing fee, lower repayments with low interests and honest answers. In these days church loans are the interesting business in USA.

We here found Griffin Capital Funding, a customer friendly and fast service providing financing company in loan processing and also which makes Church Loans much more easy. Here Interest rates very low when compared with other financial organizations in the industry and processing fees are very very reasonable.

The company provides services like mortgage calculator to estimate the complete process of the loan, offers church referral program to refer new interested customers and offers brokers who guides you in suggesting the right plan for your economical situation, follows the underwriting methods supervised by the experienced professional.

As we think every satisfied client is a valuable asset for the company, we serve every customer with a special interest and guide them in a honest way. If you want to know more about our service just go through customer testimonials and check out list of recent loans closed. And company offers 25 loans programs only for churches. The main highlights of our loan process is that there is no personal guarantees needed, no tax returns, fixed rates up to 30 years , no balloons, no upfront fees, no audited financials.

If you are interesting in further more information visit www.Churchloans.info or call us at (800) 710 6762.

Churchloans.info offers church loans, church financing and church mortgage loans for churches easy. No personal guarantees, no tax returns needed.

Church Loans, Church Mortgage, Church Financing With Best Repayment Rates Through Griffin Capital Funding

Church Loans, Church Mortgage, Church Financing With Best Repayment Rates Through Griffin Capital Funding

Churchloans.info provides Church Loans, Church Mortgage, Church Financing  with Best repayment rates through Griffin Capital Funding.

Are you looking to lend a loan for churches ? The best suggestion for you is to select the financial providing company which delivers the services like low bond fees, no processing fee, lower repayments with low interests and honest answers and provides the services for church loans exclusively with good reputation in the city.

In USA the well known Church Loan provider is there, which is well recognized for many of well satisfied clients, the company is a sub branch of Griffin Capital Funding and the company is well known for its fast service in providing loans with low interest rates and no extra charges.

Company offers about 25 loan programs where every program has its own speciality and recognition where the features of ever plan includes in no personal guarantees needed, no tax returns, fixed rates up to 30 years , no balloons, no upfront fees, no audited financials. We got well experienced and expertised staff to take care of clients in suggesting good loan plan for them and providing responsible service through out the loan process.

This company has got good informative website www.Churchloans.info, which includes in mortgage calculator estimate the costs and repayment terms of the loan plan and well satisfied client testimonials. And also there is a referral program where one can gain lot of commission by referring another person for loan plan.

If you want to get into the loan process for churches fill up the Contact Form or Call our representative at (800) 710-6762.

For more details log on to www.Churchloans.info.

The company provides services like mortgage calculator to estimate the complete process of the loan, offers church referral program to refer new interested customers and offers brokers who guides you in suggesting the right plan for your economical situation, follows the underwriting methods supervised by the experienced professional.For Contact Details View http://www.churchloans.info/

Church Financing Loans with Low Recourse Loans

Church Financing Loans with Low Recourse Loans

Financing, Loans and Commercial Finance for Churches at Church-Financing.com.

Nearly all Churches necessitate the need of a commercial real estate financing. The financial sources for real and substantial estate includes: Regional banks, Private investors, Insurance companies, Saving and Loan institutions and Mortgage banking firms. First let’s touch on the obstacles that occur during the process of acquiring the church mortgage loans & church financing.

The Major Church Financing Difficulties:
(1) Church properties are unique and so, for this reason Lenders have a great apprehension regarding this matter because if the loans are not paid within a stipulated time, Lenders will be accounted for it. They have to assume ownership of the property. Owing to unique property features, it is not going to be easy to come across a new owner.
(2) For getting the hold of church loans, Lenders often entail the need of “personal guarantors” especially on account of prior observation with reference to the complexities that are involved in selling the church property again.
(3) When the church financing needs are attained, there are many objectionable terms that get exist. Such as: Minute amount of loans, low loan-to-value (LTV) of 50% to 60%, short-period time of loans and rates of high interest. By this, churches get many possibilities to face the countless financial difficulties.
(4) More than Purchasing and/or Refinancing, Church Financing, Church Construction Loans, Church Renovation and Land acquisition loans are considered as more intricate to deal with. Therefore, needed repairs are delayed for an indefinite period and new churches take lots of years to become a reality.

The Practical Solutions for the Problems which have been Issued above are:
(1) High LTV: High LTV of 75% to 85% would generate a realistic amount of about 15% to 25% that can be utilized for the purpose of down payment or non-financed portion in refinancing.(2) Long-term loans: To make the church financing more successful, rather than short-term, church financing should be of a long term, i.e. up to at least time period of 30 years.
(3) Non-Recourse Loans: Being reluctant towards individual guarantors fetches a non-traditional church lender. And than through this approach, church lending will no more rely on individual guarantors for the church financing.(4) Large sum of Loan: Ability to accommodate large church loan needs, at least of 0,000. This move would than persuade churches to finish their most business financing in one stage rather than by going through many stages.
(5) Low interest rates: Churches are being charged with the sky-scraping interest rates than it is actually required. Church financing payments can be phenomenally reduced if the payments are restricted to prime plus 1% or less than that. As a result, long-term church loan as well as decrease in overall payment will improve the church cash flow considerably.

For more detail log on to www.church-financing.com. Church Financing is a church loan division of Griffin Capital Funding offers church financing and loans with no personal guarantees, favorable rates and good terms.

Church-Financing.com is an recognized as one of the nation’s largest and most well respected Church financing companies. We provide financing, loans, mortgage for Churches.