Loans for Foreign Nationals
Loans for Foreign Nationals It is not as difficult as you may think for a non-American citizen to obtain a loan. There are many mortgage lenders who will offer foreign national loans. Most of these loans are not that much different from a standard loan, except that they usually require a much more substantial down […]
Non Warrantable Condo Loans
Not Every Lender Says No to Lending on a Non Warrantable Condo The majority of mortgage lenders will not lend to a non warrantable condo because they are not eligible to be sold to Fannie Mae or Freddie Mac. These government agencies will not purchase this type of mortgage because it is considered risky. Therefore, if you […]
What is a 80/10/10 Loan and Piggyback Program?
In some cases, traditional loans can create financially burdensome situations for the borrower. Even with proper financing, these types of situations can be difficult on the individual who took out the loan for any specific purpose. A number of safeguards have been implemented in order to protect loaners and borrowers in these types of transactions. […]
Condo Hotel = Condotel
Condo Hotel = Condotel So what is a condotel? Well, a Condo Hotel = Condotel means it is a condo inside a hotel. Most people think of a few basic options when it comes to residential facilities. Single-family homes, apartments, apartment complexes, hotels, and condominiums are a few of the options that come to mind […]
Financing For Condo Hotels
Condo Hotels can be a very profitable piece of real estate. Especially in busy and industrious areas such as New York, this type of property can produce some extremely lucrative financial results in the long term. It is important to ensure that a condo hotel stands out and has a unique appeal given the large […]
Commercial Construction Loans
One of the most common forms of real estate is the standard commercial establishment. This type of property is used for a wide variety of similar uses. Business offices, shopping centers, multi-family residential projects, and warehouses are just a few of the types of establishments created in these commercial construction projects. Commercial businesses and operations […]
Construction to Permanent Loans
Some construction projects involve renovating older buildings or transforming existing establishments into new operations. However, in some cases, an individual may desire to have a completely new building created on a piece of property. Turning an empty lot into a brand new home can seem like an impossible task. However, with the right strategy to […]
Stated Income Loans
When it comes to loaning out money for commercial properties, single-family residences, and condos, most are familiar with the basic formula. Banks and lenders have to be knowledgeable about the credit history, credit rating, and income level of those who they are loaning money to. This is to ensure that the loan can be paid […]
How to Get Financing For Co-Ops
Most types of real estate are based on a relatively simple formula: an individual looks to fix up and utilize a property, they convince financiers to become involved, and the project is put into motion. While this is the norm, there are exceptions. In some cases, multiple individuals may look to invest in the same […]
FHA Loans and FHA Mortgage
It is understandable that individuals who are looking to become homeowners may find it difficult to own their own house without a loan. It is also understandable that lenders may be hesitant to loan out money to certain individuals especially in a tumultuous economy. Given these truths, many wonder if there is some sort of […]
