realestateguy
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Posts by realestateguy
Commercial real estate loans
Apr 27th
From start ups in the earliest planning stages to established companies looking to expand, all kinds of businesses take out loans. Commercial lending can be used for initial expenses, financing ongoing operations, or major investments in equipment. After qualifying for a loan, businesses make monthly payments that include a portion of the original amount borrowed – the principal – plus interest to the bank or other lender.
If you’re looking for a business loan, there are some important steps to take before you apply. Lenders will expect you to prove your commitment to the business and demonstrate that you’ll have the ability to pay them back: they’re in the lending business to make money, not to provide a service to struggling businesspeople. More >
10 things to remember in a loan process
Apr 27th
Here are my top 10 suggestions for those who have never been through the home buying and financing maze:
1. Review your credit report. Don’t start looking for a home until you’re certain there are no credit problems or credit-reporting errors.
2. Have a lender preapprove you for a mortgage. You don’t want to be prequalified; that just tells you how large a loan you might get if you ultimately pass all the lender’s tests. Preapproval means you have passed those tests and are guaranteed a loan. More >
Mortgage Loan Process
Apr 27th
This section will give you a good Idea of the loan process and the time frame involved. The knowledge will help you feel more comfortable with your lender and will also help you spot any red flags along the way if they should appear.
The type of loan you are applying for will determine the length of time required completing your loan. Different loan types require different documentation. As an example, If you have good credit and lots of equity in your home and you are applying for a 2nd mortgage the lender may not require an appraisal. If you are getting a Line of credit on your equity, that documentation can be completed with some More >
Real Estate
Apr 27th
When will the nation’s property values begin to appreciate again? This is the $64,000 question that real estate professionals, investors, and mortgage professionals would like to know. The truth is nobody can accurately predict the return of the real estate market. Like everyone else, I can’t predict the end of this crisis either, but what I can do is tell you what will have to happen to facilitate that change. The answer is quite simple: America must reinvest in herself once again. Without an investment, real estate is as worthless as the Dollar is today. More >
