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What to Expect when Applying for a Commercial Mortgage ...

What to Expect when Applying for a Commercial Mortgage Loan:

Banks and Private Alternatives

Part 1

If you have never borrowed money for your business before, you may be in for a surprise. Whether you want to borrow working capital to expand your business or leverage equity in a commercial real estate venture, you will soon find out the commercial loan process is very different from the more...

debt-to-income ratios in loan qualifying - ABC Real Estate

Debt-to-Income Ratios

To determine your maximum mortgage amount, lenders use guidelines called debt-to-income ratios. This is simply the percentage of your monthly gross income (before taxes) that is used to pay your monthly debts. Because there are two calculations, there is a "front" ratio and a "back" ratio and they are generally written in the...

Real Estate and Mortgage Glossary Terms and definitions H ...

negative amortization

Some adjustable rate mortgages allow the interest rate to fluctuate independently of a required minimum payment. If a borrower makes the minimum payment it may not cover all of the interest that would normally be due at the current interest rate. In essence, the borrower is deferring the interest payment, which is why this is called "deferred interest." The deferred interest is added to the balance of the loan and the loan balance grows larger instead of...

Real Estate and Mortgage Glossary Terms and definitions A ...

bankruptcy

By filing in federal bankruptcy court, an individual or individuals can restructure or relieve themselves of debts and liabilities. Bankruptcies are of various types, but the most common for an individual seem to be a "Chapter 7 No Asset" bankruptcy which relieves the borrower of most types of debts. A borrower cannot usually qualify for an "A" paper loan for a period...

Real Estate ABC - Information on Buying and Selling A Home

Rise in Zombie Foreclosures Points to Last Wave of 'Strategic Default'

The share of 'zombie foreclosures' - homes in the foreclosure process where owners have vacated before the bank has repossessed the property - rose to 25 percent of all active foreclosures as of the end of January, according to foreclosure data firm RealtyTrac. The report found that although the total number of such defaults...

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