Commercial Loans Easy way of Growth
Are you looking for commercial loans? You should arise a step with a carefully after reading the documents provided by the loan providing company or bank it may be huge risk too. There are various kind of commercial loans.
There are two types of commercial mortgages for real estate:
- Owner occupied commercial mortgage – For this type of commercial mortgage, the owner of the property will have his/her business occupying at least 51% of the available space in the building.
- Investment commercial mortgage – For this type of commercial mortgage, the owner of the property will have his/her business occupy between 0% and 50% of the available space in the building.
Documentation needed to apply for a commercial mortgage:
You can apply online here by answering a few basic questions regarding your commercial mortgage request, once the company review your request and determine that they would like to move forward then they will request your tax returns and financial statements etc.
Process of Commercial Mortgage-
- The companies will analyze your commercial mortgage request and generally provide you an answer in 24-48 hours.
- The companies will provide you a written proposal that spells out the proposed terms of the loan; you make a sign and return the proposal.
- They will gather any remaining documents as they needed.
- The companies complete the formal credit write up and submit the commercial mortgage request to underwriting for approval.
- We order the necessary due diligence items like the appraisal and close the loan.
- About Loan modification has become very popular in recent years with mortgage lenders. It has been used in a variety of different ways to change the existing terms of mortgages that they hold. While sometimes loan modification can be to your advantage, many times it is not. There are many loan modification scams out there that you should be aware of. Here are a few warning signs to watch out for with loan modification.
1. Upfront Fees
2. Computer Generated
3. Too Good to Be True
Some Important Loan Programs
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The Risks and Rewards of No-Doc Mortgage Loans
London Inter Bank Offered Rate (LIBOR)
Reverse Mortgage v. Home Equity Loan: Key Differences
Interest Rate Buy Downs
Graduated Payment Mortgage (GPM)
Real Estate Settlement Procedures Act
Information on Loan Programs
Subprime Loans
100% LTV Home Equity Loan Advantages and Risks
3 Drawbacks of Assumable Loans
Balloon Mortgages
Fixed Rate Mortgages
Adjustable Rate Mortgages (ARMs)
Standard ARMS and the Differences
Information on Loan Programs
Subprime Loans
100% LTV Home Equity Loan Advantages and Risks
3 Drawbacks of Assumable Loans
Commercial 911 is one of the best commercial loan provider and working directly with banks & commercial lenders to structure financing for investors who in most cases wouldn’t receive financing in today’s rough market.
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