More competitive terms that can include higher leverage, longer amortization periods, greater interest only periods, and lower rates. Comparable products (fixed-rate and hybrid ARM loans) with flexible prepayment structures (declining prepayment and shortened yield maintenance periods available). Non-recourse (with standard carve outs). Most local banks are full recourse. Longer loan terms available (up to 30 years). Local banks generally prefer not to exceed 5 years. No obligation to open a bank account requiring you to maintain a minimum balance, tying up capital that could be used for other purposes