We are ready and capable to act as your Mortgage Broker.
To Arrange, Solicit and Negotiate Loans on Behalf of Businesses & Individuals.
Mortgage & Loan Broker:
Preparation of Loan and Mortgage Applications:
With Peter’s extensive Banking & Finance background (35+ years) he has dealt with hundreds of loan and mortgage requests from both businesses and individuals. He has the experience and knowledge to address the key risks areas of a loan and mortgage application since he knows what the financial institutions are looking for in an application namely – Collateral; Capital; Creditworthiness; Character; Cashflow; Capacity; Conditions and Debt Service ability.
In his role as Head of Corporate Banking, he also had the authority and responsibility for approving mortgages and loans from junior lenders. Credit Analysis is one of Peter’s strengths since he was trained as a Credit Analyst as part of his Management Development Training Program while working with Barclays Bank PLC in New York.
During his career, he was able to get the Bank to approve a business loan in the mid – high eight figures for one of his clients. This was the largest sanctioned business loan in the history of the Bank in that jurisdiction.
Vetting of Loan and Mortgage Applications:
As mentioned above, Peter has a trained eye for Credit Analysis which he developed during his Banking career. He is quite qualified to critique and add value to a loan and mortgage application since he is fully aware of the requirements a financial institution is looking for in the application.
Loan Restructuring:
As with all economies, businesses will go through peaks and troughs throughout its existence and may require some assistance and co-operation from its Bankers in the form of restructuring of the existing debts during challenging times.
This will require a significant amount of time and effort to communicate with the Lender to obtain the needed funds and or restructuring of the debts. The services of a business professional to prepare the documents and represent the business owner to obtain the necessary funding will alleviate pressure on the business owner (who needs to focus on the daily activities of the business) and Caribbean Mortgage Group is capable to act as a Mortgage and Loan Broker to solicit, arrange and negotiate credit facilities on behalf of businesses (and individuals).
Act as Negotiator:
During his career, Peter has prepared hundreds of loan and mortgage applications on behalf of businesses and individuals for consideration by the Bank. Therefore, he has the necessary experience and knowledge to know what the lending institutions are looking for. Accordingly, he has the expertise to act as a Negotiator on behalf of a client to arrange, solicit and negotiate credit facilities.
Real Estate:
Purchasing real estate has always been a safe and good investment (safer than Gold, Silver, Stocks and Bonds) and has many financial benefits such as:
» The interest portion on your mortgage is tax deductible.
» By paying down on your mortgage, you will be building equity in the property.
» The increase in your equity will in turn help you grow your Net Worth which creates generational wealth.
» Your monthly mortgage payment helps mitigate rising inflation since your payment is fixed for the term of the mortgage (15 – 30 years).
» Rent increases year on year which doesn’t work in your favor; it helps the property owner pays his/her mortgage. Also, there are no tax benefits gained by paying rent.
» There are Capital gains from the sale of your main home; you can exclude $250K from your income if you are single and $500K if you file a joint tax return with your spouse.
If you are looking to purchase or sell residential real estate (singe family or an investment property) in the South Florida area, Peter is a Licensed Real Estate Agent of Florida and will be able to assist you with the process. He can also arrange the buying and selling of residential property throughout the US through his affiliated connections.
With his Banking background, he can also function as a Negotiator on your behalf with the Seller and Lender (regarding the terms and conditions of the transaction).
Advisory:
Prepare & Vet Business Plans:
Considering Peter’s Banking experience and knowledge, he has dealt with many loan requests from businesses. He has the experience and knowledge to identify and address the key risks areas of a loan request which forms the nucleus of a Business Plan.
Accordingly, he knows what are the key elements which the financial institutions are looking for in Business Plan.
Credit Risk Management:
In the role of Country Manager, Peter was responsible for the quality of the lending portfolio of the countries he managed. Accordingly, it was his responsibility to ensure that loans and mortgages were approved within the Bank’s lending guidelines.
With his experience, he can certainly give advice and make recommendations to businesses looking to strengthen its lending guidelines and procedures in an effort to improve on the quality of their lending portfolio.
The training of staff on Credit related issues can also be provided.
Anti-Money Laundering (AML):
Money Laundering has become a serious concern for the Financial Services Industry due to the negative effects on society. Therefore, it is important that financial institutions have effective AML procedures and policies in place since they are the Gatekeepers.
Having spent thirty-five (35+) years in the Financial Services Industry, Peter has acquired a great wealth of knowledge and experience about AML since he was responsible for AML Risk in his role as Country Manager. Furthermore, he is a Certified Anti-Money Laundering Specialist.
Compliance:
In any business, the subject of Compliance has a vital role to play for the success and sustainability of the business and Banking is no exception.
Peter has a Certificate in International Compliance which coupled with his experience and expertise will be able to give advice to clients on issues such as: Credit Risk Management; AML Risk; Corporate Governance; Insider Trading; Conflict of Interest; Human Resources; Regulation; Health & Safety and Business Continuity to name a few.