Everything You Need to Know About Condotel Mortgage Loans
Condotels, a blend of condominium and hotel, have become a popular investment option, particularly in high-tourism areas such as New York City, Miami, and Las Vegas. These properties offer the benefits of condominium ownership with the added amenities of a hotel. For buyers interested in this unique investment opportunity, securing financing through a condotel mortgage […]
Your Guide to Securing a Co-op Mortgage Loan in NYC: Make Your Dream Home a Reality
New York City is known for its iconic skyscrapers, bustling streets, and vibrant neighborhoods. Among its unique real estate offerings, co-op apartments stand out as a popular housing choice. However, securing a co-op mortgage loan in NYC can be a complex process, unlike traditional home loans. In this guide, we’ll walk you through the essentials […]
Loans with No Income Verification
Available for Many Real Estate Transactions The first recorded evidence of lending comes from about 3000 BC in Mesopotamia when farmers would borrow seeds and repay the debts with food. Writings show that the maximum interest allowed at the time was 33 percent. As years passed and currency came to be used, people would borrow […]
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 […]
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 […]
