Online software can save you a great deal of time and provide you with a lot more choices than you might find locally but it can also be a little tricky to navigate especially if you are new to buying software online. Whether you are buying new software or upgrading an existing program here are some tips to help make it all less complicated.Read ReviewsThe toughest part about buying software is that you don’t get to try before you buy. If you are buying software you’ve used before great you know what to expect, but if you are simply choosing and hoping you’re making the right choice, then customer reviews can tell you a lot about a piece of software. In fact they can help make that decision a whole lot easier.CompatibilityMake sure the software you are purchasing is compatible with your operating system, as well as the right amount of memory and disk space. For software to function correctly you must have at least the minimum requirements.Read The DescriptionYou can become a little more familiar with a piece of software by reading the description on the box. It should also tell you the capabilities of the software. Make sure it’s what you want because software is non-refundable.Reputation Means EverythingBuy all software from a reputable company so that you can be sure you are getting an original and not a pirated version. You also want to make sure shipping is timely and that there is customer service. You can always check with the Better Business Bureau if you aren’t sure.Price CheckThe biggest perk to shopping online is the competitive pricing so make sure you do plenty of price checking to make sure you get the best price around.Pay By Credit CardPaying by credit card is a smart option because you will get some protection from the credit card company should the software not be delivered or as described.Learn The Return PolicyYou should know the return or refund policy before you buy any software. Software is usually non-returnable unless it is damaged in which case it’s usually an exchange. However, you still need to know how many days the policy is good for.A new method of buying software online includes paying and downloading. The ability to immediately download has certainly been advantageous. Now you can decide you need a piece of software and in no time you can buy, download, and begin to use. If you are new to downloading on the web, relax because it can be a lot of fun.Many software packs comes with a trial period which is fantastic! You can try it for however many days the trial is for and then if it’s what you want you can buy it. They’ll send you a key code, which you enter into the trial version, and suddenly you have the full software package. If you don’t like it, simply uninstall it and forget about it.Buying software online is quick, easy, and so much more affordable than you might think.
Commercial mortgage brokers, focus their practice on commercial properties. There is little differences between commercial mortgage brokers and residential mortgage brokers. The main difference obviously is that one broker focuses on commercial lending and the other focuses on residential lending.A Commercial mortgage broker is a middle man of sorts. He works for businesses to secure lending for property that will be used for business purposes. There is a commission for this service that the broker provides. Typically the commission is a percentage of the overall loan. This fee is usually rolled into the loan. The idea behind the practice is that a broker can “shop” the loan for the best rates and overall best deal.Typically a commercial mortgage broker will have relationships in place with lenders and can easily view a loan application and know where to apply, this cuts back on the time it would take for a business to shop their own loan application. The broker acts as a go between the lender and the business and will advise the business of an special requirements that the lender will have to secure the funding.Commercial lending is a lot more complex than residential lending. There is more paperwork to fill out, and most commercial loans start at a minimum loan amount. In addition there are more lending options available for commercial funding then there are for residential funding.Commercial mortgage brokers are a good option for businesses because they take the responsibility off the shoulders of the business to secure financing to build the business or to expand an existing business.
With interest rates rising and speculation of a cool down in the real estate market, many borrowers are asking, “What type of commercial financing is right for me?” Increased demand for competitive interest rates has led to the creation of conduit loans. Although conduit loans are not extremely new, many borrowers are still unaware that they exist and/or do not understand the difference between portfolio loans vs. conduit loans. A few simple explanations can clear any misunderstanding and help any borrower find the right commercial loan for their real estate financing needs.There are two basic classifications that cover commercial real estate mortgage debt: portfolio loans and commercial mortgage backed securities (CMBS or conduit loans). Portfolio loans are originated by the lender and then held on their balance sheet for the entire life of the loan. CMBS or conduit loans are single loans that are combined together with other loans that have different property types, loan amounts, interest rates, locations, etc… and are held in a trust. These loans are then converted into bonds and sold on Wall Street with varying durations and yields depending on the bond rating they are given.Conduit loans have become a popular source of financing in the commercial mortgage industry because the securities are able to attract investors because their added value. Typically, the value of the security is more than the sum of the loans in the security and they are extremely liquid. As a result, the loans are able to be priced more aggressively than portfolio loans. Although the interest rates are very competitive, conduit loans are traded as securities and therefore must follow different rules and regulations than portfolio loans. Investors who hold the bonds are willing to pay more for them because of their feature that will not allow them to be prepaid without replacing the investment with government securities that have a similar return.For investors that flip properties or only hold them for a few months while trying to maximize the cash flow of a property, conduit loans may not be the right solution. Conduit loans seem to be a better fit for someone who is looking to hold on to a property for an extended period of time, such as owner-user properties, or long-term investments. Portfolio loans will generally have lower prepayment penalties than conduit loans because portfolio lenders are more interested in building long-term relationships with their borrowers that will enable them to bring in their borrower’s business deposits and increase the amount of loans that they are able to make.In every financing situation, it is always good to understand what your long-terms goals are and consider the pros and cons to both portfolio and conduit lending.