OUR MOTTO: YOUR SATISFACTION IS OUR SUCCESS!
New York based Reliable Mortgage Consultants LLC (RMC) was established in January 1986, a mortgage brokerage company specializing in commercial mortgages. During the early years, loans were originated through Freddie Mac and subsequent years expanded to Banks and Life Insurance Companies.
RMC has brokered multiple types of properties and loan amounts for various clients.
RMC appreciates and values every client, irrespective of property type or specific loan amount. All clients are treated respectively with fairness in pricing and service. Despite two major recessions in 2001 and 2008, RMC has been able to continue to provide service to many clients old and new.
Over the years, RMC has brokered more than $500M in mortgages with less than .5% default.
Our objective is to ensure our clients obtain the lowest interest rate, the best mortgage term at the lowest possible closing cost.
Purchasing a commercial property versus buying a home are two different experiences. The similarity is that both require borrowing from a Lender, however, they are structured differently.
Most home loans 1-4 family residences are issued by a Lender, backed by the Federal Government or a Government Agency, and then they are sold to another Lender for servicing. Commercial Mortgages usually stay with the Lender who originate the loans, these are called Portfolio Loans.
Unlike home loans, which have a longer term, commercial mortgages terms are shorter. Depending on the type of commercial property being financed, the rates will vary as the Lender determine their risk as these loans are not backed by the Federal Government.
The same way commercial properties are different, as such the loans are different. Unlike a home loan, where there are a few different types of loans available to the borrower. With home loans, the borrower must demonstrate the ability to repay the loan based on their personal or business income, with commercial loans, the property has to demonstrate the ability to repay the loan.
“My family and I have used Reliable Mortgage for all our real estate financing needs since 2000. They deliver what they promise, and we are very pleased with their service.”
“Reliable has been our family’s Mortgage Broker for more than 20 years, and we are very satisfied with their service”.
“Reliable, has always Brokered the right loan to satisfy my Mortgage needs”! I appreciate their integrity, trustworthiness, and professional ability to get the job done with ease, irrespective of any obstacles”.
“Reliable is indeed reliable, honest, trustworthy, and a friendly professional attitude and knowledgeable of the mortgage business. Our father who first used them, before he died, told us to use Reliable, because he was very satisfied with their reliable mortgage service.