Everybody that you talk to is more than just a little aware of the turmoil in the credit markets, stock markets, mortgage markets and housing markets. It has been well documented that for anyone other than the most pristine borrowers (i.e. credit scores above 700) with 20% or more to put down on their homes, the ability to qualify for a home mortgage is an uphill walk to the summit of Mt. Everest.
Feb 2 2011 | Posted in
Mortgages |
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The basic criteria that make a commercial mortgage loan a much different animal from a residential mortgage loan is the fact that whatever loan amount is desired for an income producing property must be supported by the income that the given building produces
Feb 1 2011 | Posted in
Commercial |
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by: Tim Maliyil The stock market is in a tumult. Actually, it has been for about a year, ever since the subprime fiasco (anyone take a look at Moody’s performance over the past year?) Now that that particular issue has been beaten to death, other mortgage related issues are cropping up. Most of the stuff [...]
Jan 25 2011 | Posted in
Mortgages |
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Aside from prepayment, many people as well do not understand Private Mortgage Insurance (PMI). This is a mandatory requirement for all borrowers whose loans are above 80 percent of the property value.
Dec 14 2010 | Posted in
Mortgages |
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For example, suppose you buy a foreclosure and fix it up, then apply for the mortgage.
Mar 18 2010 | Posted in
Mortgage Q&A's |
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