By admin on August 17, 2010
A commercial mortgage is a loan made using real estate as collateral to secure repayment. In addition, commercial mortgages are typically taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited company, so assessment of the creditworthiness of the business can be more complicated than is the [...]
Posted in Business and Finance | Tagged applying, commercial, consider, for, mortgages, to, what, when
By admin on August 3, 2010
“I don’t think a reverse mortgage is for me, I planned for my retirement!” Does this sound like something you are thinking or have thought? Then you are not alone.
We have had so many borrowers tell us that they thought they had planned adequately for their retirement and never thought they would need a reverse [...]
Posted in Business and Finance | Tagged for, is, mortgage, reverse, right, the, you
By admin on July 28, 2010
It may surprise you to hear a reverse mortgage lender saying this but it is true. The loan is intended to be the last loan you will ever need and not a short term financial instrument.
Borrowers looking for a short term loan may be better suited for a different type of financing as reverse [...]
Posted in Business and Finance | Tagged a, definitely, everyone, for, is, mortgage, not, reverse
By admin on July 26, 2010
Chicago IL will receive over $55 million of federal funds. This must be good news for Chicago homeowners that are facing foreclosure or about to lose their homes.
This federal government hand out is close to the highest given to any one city in the US since the foreclosure crisis hit. So what does this mean [...]
Posted in Business and Finance | Tagged false, for, headlines, homeowners, hope, struggling
By admin on July 14, 2010
This has been written to inform homeowners about new programs that can help save their home in these tough economic times.
The Housing and Economic Recovery Act of 2008 authorizes a new FHA mortgage refinance program called HOPE for Homeowners program effective from October 1, 2008 through September 30, 2011. The Federal Housing Administration Hope for [...]
Posted in Business and Finance | Tagged arizona, fha, for, homeowners, hope, phoenix, program, refinance
By admin on June 12, 2010
It’s not uncommon for someone to look for the lowest price on any purchase that they are planning on making – this goes double for a major purchase. People look for the lowest monthly payment they can get on a car, on an apartment and on a house – often the lowest monthly rate, [...]
Posted in Business and Finance | Tagged a, be, better, firsttime, fixedrate, for, homebuyer, may, mortgage, why
By admin on April 30, 2010
If you’re an older person who has been living in the same home for years then there is a good chance that your house desperately need some sort of home repair or home improvement but you simply don’t have the money to pay for the construction costs or home improvement professionals needed to make your [...]
Posted in Business and Finance | Tagged a, for, get, home, improvements, mortgage, paid, reverse, with
