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If you are brave enough and not paying attention to the prophets of doom about our economy, then you might want to invest in real estate today. History have shown that the foundation for wealth is created in bad economic conditions and built up when the economy recovers. You must follow certain crucial steps before actually applying for a 100 commercial mortgages .

The idea that lenders have stopped giving out mortgages is way far from the truth. Mortgage companies are in business to give loans because that is how they make a profit. You must be aware of certain things before applying for that loan:

Run your credit report (preferably the 3 major credit agency with your credit score included)

Confirm how much cash you have to use for down payment (not securities or stocks, but solid cash)

Go through your financial life history and make sure you know all that is included ( job history, residence history, marital history etc)

Get three years tax returns ready. Make sure your most recent one jives with your income on your mortgage credit application

Now you have to decide if you need the services of a mortgage broker or you need to just apply directly to the mortgage company. Mortgage brokers might give you several mortgage choices, but keep in mind some might push you into higher loan rate programs for higher commissions.

If you have very good credit with a credit score of 700 or more, then you can just apply directly to the bank advertising the best rate for the type of real estate you are buying. Also note that commercial loan interest rates will be higher on commercial properties.

Yes you can do it. Keep the naysayers out of your business and have some faith in our economic system of boom and bust. The best time to buy real estate is in bad economic times because prices are lower.