What types of properties are considered commercial?
Types of Commercial Mortgages
Pure Residential (Investment Properties)
Residential Commercial Mixed
What are commercial mortgage rates?
Mortgages assist people in purchasing home on combination with a down payment, or depending on the financing available, they may qualify to borrow the complete purchase price.
If a borrower already has a home and wishes to refinance the property. Refinancing means to increase to increase the size of the mortgage or renegotiate it in some fashion.
Debt consolidation is debt financing that combines 2 or more loans into one. A debt consolidation mortgage is a long-term loan that gives you the funds to pay off several debts at the same time.
Consolidation is particularly useful high-interest loans, such as credit cards. Usually the lender settles all outstanding debt and all creditors are paid once.
A home equity line of credit is a revolving line of credit taken out against the equity in your home. Revolving means that it can be accessed at anytime, and paid down at anytime with no penalty. Because a HELOC is secured with your own home’s equity, the rates are much lower than standard lines of credit.
Pre-approval means that a lender has stated in writing that you qualify for a mortgage loan based on your current income and credit history. A pre-approval usually specifies a term, interest rate and mortgage amount.
If you’ve been turned down for a mortgage from the bank, you may think that home ownership is out of reach. It isn’t.
Private lending market continues to be a major source of funds for many mortgage agents. A private lender is best described as an individual who lends his or her own money to a property owner, securing this loan by a mortgage.
Offering competitive rates and a range of terms, Investment Property Mortgage may be the ideal solution if
- Acquiring a rental portfolio of one or more properties to build income and equity
- Converting your current home to a rental property
- Purchasing a property for your child to live in