The Importance of Using a Commercial Mortgage Broker

Your question may be…”Should I utilize the services of a commercial mortgage broker or go direct to the bank when seeking a commercial loan?”This may come to mind when you are entering into a contract for a real estate purchase or business purchase, or simply seeking to refinance your real estate investment.Do you know the differences between the broker and the lender?When you have limited contacts outside of your main banking relationships, you may be losing out on financing options that may make a huge difference on your mortgage payment and/or loan terms.Limiting yourself to one lender removes you from the competition between the banks which can cost you dearly over the short or long haul.This is where the commercial loan broker comes in. And not just any loan broker who says they can get you a commercial loan…but one who has a track record of getting commercial loans funded…preferably an individual or company who specializes in this area of the lending industry. Get a credible referral from a credible person in the industry.The loan broker knows who the aggressive banks are and who are not. Banks can change their loan programs and lending limits frequently depending on their lending appetite. The loan broker will place your loan transaction where there will be the least amount of brain damage all the while tailoring a loan product that will meet your goals.Additionally, the loan broker can in many cases influence the timing of getting your loan funded. Many underwriting issues can be hurdled as well due in part to the relationship between the loan broker and banking staff.A question that commonly arises is “Do I have to pay additional loan costs to go through a loan broker?”In the commercial lending industry, most banks will waive their loan fees and allow the broker to earn the fee instead for bringing the business into the bank, therefore, not costing you anymore in costs had you gone direct to the bank yourself.Due to the current lending environment, lenders are putting borrowers through the meat grinder for 100% compliance with banking underwriting guidelines. Thus, many borrowers struggle to get past the pre-qualification stage due to unacceptable or incomplete financial statements, or simply, the property does not stand up to the banks lending criteria.Get thoroughly vetted by your loan broker as quickly as possible before you begin to search for your property. Attempting to buy real estate before you have been pre-qualified is like pulling the cart before the horse.Typical commercial loan transactions are SBA financing, multifamily, commercial, retail, mixed use, industrial, medical building and other special property types and uses.

Posted in Finance | Tagged , , , , , , , , , | Comments Off

Alarm System Complaints

There are 5 top complaints that people have about their home security systems.Auto Renew of my Home Security Monitoring ContractThe top complaint is that the alarm contract automatically renews at the end of the contract. So when you think you are about to be free to choose another alarm company you are unpleasantly surprised by another 1 year contract or more. To be fair the contract does clearly state this BUT you can be sure that the salesperson that signed you up made little or no mention of this clause in the contract. You do have the right to request that your contract does not auto renew. Typically you must request in writing to your monitoring company that you wish to cancel the contract at the end of the term. It is best to mark your calendar or setup some kind of reminder to make sure that you cancel the contract at the correct time. Even if this date is years in the future.Police department takes too long to show upThe next alarm system complaint is that the alarm was triggered and the police took an hour to show up. If you alarm is triggered the police are dispatched in a timely manner but your alarm system installation company or monitoring service has no control over the police response time. Frankly with false alarms from alarm systems it is likely that these types of calls are taking less of a priority in most cities. Not to mention police force cutbacks have less police on the street to respond to these lower priority calls.Free home security is not freeThe next biggest complaint is when people buy a so-called free alarm system if you’re familiar with these ads they will say call us for free alarm system and pay only $99 activation fee. This is actually true if you want to bare-bones security system. Most of the systems are comprised of the control panel which is usually a standalone panel and typically three door or window contacts and one motion sensor. Though I can’t say that a basic alarm system isn’t a bit better than no alarm I will say that a bare-bones system will not completely protect your home. You will need all Windows and all doors with a contact on them and at least one motion sensor, if not more depending on the layout of your house so free means a basic system and that may be adequate for your needs and you can always expand on it later but basically the free system is to get you to allow them in your home and sell you a system and it seems more times than not that the primary function is to get a contract signed for monitoring and less about making sure that you and your family is protected. Most salespeople will just try to get you the basics. Frankly they are not really paid much of a higher commission on selling anything other than the initial contract so you must be careful when you’re talking to someone about a free alarm system.I own my home alarm system but no one else can monitor itThe fifth biggest complaint and many people don’t even realize that this is a potential problem until you try to change monitoring companies but your alarm company will come in and sell you a system without ever lying to you but they will not give you full disclosure. The contract does disclose everything but most people do not read the contract and you are still liable for fulfilling the contract.There are two options when you buy your system, The first option is that you can lease your system as long as you’re continuing to pay the monthly fees for to be monitored then the security system is yours. Once you cancel you’ll either have the right to buy it out or in some cases the company will just stop monitoring you and they’ll come back to get their equipment that you may have paid for years and years and years and never actually owned your security system.The second option is where you actually purchase the system. You own the system outright even after the monitoring contract is fulfilled. You can also purchase an alarm system and not have it monitored. The installation company will probably charge you more if you do not purchase the monitoring because some of their profit is built into the monitoring of the system. You must be careful to purchase a system that is a proprietary system. A proprietary system means that the only company that can monitor it is the one that installed it. You need to ask the right questions before you sign a contract because you don’t want to be stuck with a system that can only be monitored by one company.When an installer programs your system there are 3 types of access codes. There is an installer code, a master code and multiple user codes. The installer code allows the installer to customize the program to work with your home. The master code is assigned to you and allows you to make basic user changes including the modification of the other user codes. If you do not know the installer code then it makes it difficult if not impossible for a new company to come in and reprogram your system. This would mean that you either need to continue to use your current company or have an entire new system installed.My Alarm went off but nobody called meOne of the top five complaints is when people’s alarm systems have been triggered but they never received call. There are several reasons why this may be an excused situation. One reason is that your alarm system is setup with an automatic delay built into the system so that it alleviates too many false alarms. If you accidentally trip your alarm the system will start ringing locally but the dialer has a built-in delay. So if you trip the system yourself and immediately usually within 20 or 30 seconds into your code the system will not dial central station. Another reason for no one calling you could potentially be that you have not updated your emergency call list. When you first get your alarm system you make up a list of usually 3 to 5 emergency contacts along with phone numbers for each of those contacts. If you change your phone number and don’t update your emergency contact list they may have called you but you didn’t respond. If you ever have an alarm go off and you expect that you should have been called then you need to as soon as possible contact the monitoring station and give them the time and the zone that went into alarm and ask what their log shows and ask why you were not contacted. The of center station monitoring can login to your account and see what steps were taken when they receive the alarm. They can also tell you if they actually receive the alarm. If you call central station monitoring and they never received an alarm then you should immediately put your system in test and then test your alarm system for all zones.SummaryAll of these top five complaints except for one can be rectified if you just do a little bit of due diligence before you sign on the dotted line as far as the police having a lengthy response time frankly there’s nothing you can do about that. You can however make sure that the alarm system that you have installed does everything it can to discourage the would be thief from getting into your home and stealing or doing damage to anything.

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , | Comments Off

Pharmaceutical Education and Employment Opportunities Are on the Ascent

What are the usual professional responsibilities of pharmacists? Well, they dispense medicine prescribed by the physicians, in the first place. Also they are responsible to give the customers knowledgeable advice regarding the possible side effects and dosage of the medications to be administered. In case the patient should be made aware of the necessity to take certain precautions to be observed during the course of medications, a pharmacist is responsible for informing the patience about such precautions, if any are needed. Such are the most common responsibilities of pharmacists, as they are widely assumed by the general public. Still, as any licensed pharmacist can tell you, the responsibilities are not limited to those mentioned above. First of all, any licensed pharmacist is required to have a degree in pharmacology. Secondly, such specialist should be aware of the various medicines, their generic name, dosage and possible side effects. Besides the good professional understanding of the regulating legislature related to manufacture and sale of various medicines any good professional pharmacist must command sound understanding and knowledge of the composition of medicines. And that is not all, such issues as the right storage conditions for the medicines are of critical importance, since the efficiency of prescription medications during the period of their shelf life largely depends on the correctness of their storage conditions!As you see, any licensed pharmacist has a long road of learning to go before been accepted as a fully-fledged and respected member of the pharmacists community! But the natural questions are “How good are the employment opportunities in the pharmaceutical industry today? But what do the forecasts for the near future hold in stock for pharmacists? Is it really worthwhile to invest time and hard-earned money into becoming a professional pharmacist?” All these question are quite justified, since nobody would like to send time and money down the drain, investing them into professional specialization that turns out to be without future.Let us have a closer look at the present-day employment opportunities of freshly graduated pharmacists and the expectations for the near future.As has been confirmed by the various reports of analytical agencies specializing in the job-market related issues, the pharmacist’s specialization enjoys quite enviable demand. Traditionally, the most of the pharmacists still find employment with community pharmacies and drug stores, as they used to do over the decades. Well, that is no surprise, people got used to seen a pharmacists behind the counter of a drug-store or a pharmacy, handing out the prescription medicines as well as those that do not require prescription (they are justly referred to by the term of “over-the-counter” medicines). On the other hand, during the last decade the professional pharmacists have been in huge demand in public service and pharmaceutical industry. Hospitals, railways, large shopping centers and airports – they all look for good professionals in the field to fill in vacancies in their specialized their drug stores. Another interesting job opportunity for pharmacists could be found with medical drug information libraries and consulting, since the medical and nursing staffs are in need of information about new drugs – the industry of medications is constantly advancing, coming up each month and year with new generations of medications. Many specialists in pharmacology who graduated as pharmacists have developed successful and self-fulfilling careers, finding employment as tutors in colleges and universities. Others prefer to write or edit books of pharmacology, as well as reference guides – as you see, the employment and career opportunities in the pharmacology industry are in plenty!What about the forecasts and expectations for the near future? The demand for professionals in the pharmacology in general and for the pharmacists in particular is expected only to grow considerably during the period through 2016 and beyond. The reasons for such forecasts are well-grounded. The population will continue growing in numbers – and the numbers of hospitals and other health care establishments are destined to grow accordingly, to accommodate the increasing demand. That means that more and more pharmacists will be required to fill in new outlets and positions – in traditional drug-stores, in hospitals and related job settings. Secondly, the number of senior citizens is also expected to grow considerably. Senior citizens of all the aged population groups are known to be the main consumers of prescription and “over-the-counter” drugs. As the result, the demand for specialists able to handle the growing demand on the part of the patients is guaranteed to increase over the practically foreseeable future period.What are the usual education and certification requirements for those whishing to take up a career as pharmacists?The educational and certification demands for pharmacists are very definite and strict. All persons, whishing to build a career of pharmacists are required to have a degree from a college (associate’s, bachelor’s or master’s one), upon which they need to get licensed by the pertinent agency in order to start a professional career of a licensed pharmacist. Besides, the educational establishment they have gradated from should be accredited by the Accreditation Council for Pharmacy Education and Examinations. Such are the basic mandatory requirements for a professional licensed pharmacist, wishing to start up a successful career in the industry.Besides the specific subjects, related to pharmacist’s specialization, any accredited pharmacy degree program should usually include courses in mathematics, natural sciences, humanities, and social sciences.As you see, the academic requirements for the pharmacology students are noticeably high. In order to insure the adequate level of academic excellence among their student the majority of the pharmacy colleges have introduced admission tests for aspiring students.The students, whishing to continue education – as well as those who have already some experience in the professional field and are after the better career opportunities – are offered continuing education options, such as bachelor’s and master’s degrees, as well as doctorates in various specialized areas of pharmaceutical industries.One of the good options for busy working professionals to continue education and get a higher academic degree in pharmacology would be to make use of modern means of distance education – the online pharmacy degree training schools and programs. Those online establishments – surely, we are speaking about the reputable and properly accredited courses, nothing like some shady “diploma mill” sites – have proved to be a good competition to the traditional, campus-based ones.Another consideration to be given a serious attention and thought – as far as career advancement in pharmacology and pharmacy industry is concerned – is that your success would largely depend on the type of work you will be able to get and your business talents/skills/experience. As an illustration to this statement you could easily find online the career stories of success: for instance, people who worked for drugstore chains became top-managers. Pharmacists employed at various hospitals – general or specialized – got to be directors of pharmacy services. The government agencies and educational institutions also offer interesting and promising openings. Pharmacy degree specialist could also build excellent careers by taking up teaching or research, that all depends on your personal talents, individual inclinations, career objectives etc. Anyway, besides the required level of academic excellence, necessary for each specific position, any newly graduated pharmacist should realize that their jobs always require them to communicate and interact with people of different types. From this point of view good person-to-person communication skills would always be a great advantage, so take care to acquire them by all means!

Posted in Uncategorized | Tagged , , , , , , , , , , , , | Comments Off