Mortgages Categories

Understanding Mortgages & Mortgage Rates

Understanding Mortgages & Mortgage Rates

A mortgage is essentially a loan used to finance the purchase of a home, similar to how auto financing is used to buy a car. When individuals want to make a large purchase but either lack the funds or prefer not to use all their cash at once, they opt for financing. This arrangement involves…

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Breaking Down DSCR Loans

Breaking Down DSCR Loans

DSCR or a Debt Service Coverage Ratio loan is the calculation used by lenders to assess the cash flow available to pay current debt obligations. The DSCR is calculated by dividing the property’s annual net operating income by its annual total debt service (the total amount of money required to cover loan payments over the…

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15 Key Advantages of Investing in Real Estate

15 Key Advantages of Investing in Real Estate

Investing in real estate is a major decision that can significantly impact your financial future. Here are the top reasons why real estate stands out as an excellent investment choice: These compelling reasons highlight why real estate is a smart addition to any investment portfolio, offering tangible assets, stable cash flow, and potential community benefits….

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Exploring Primary Property Types Eligible for DSCR Loans

Exploring Primary Property Types Eligible for DSCR Loans

Debt Service Coverage Ratio (DSCR) loans have become a fundamental financing tool in real estate investment. These loans are designed to assess a property’s cash flow capabilities to ensure it can cover its debt obligations, making them ideal for investors looking at various property types. From residential rentals to commercial developments, DSCR loans offer a…

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Economic Factors Influencing Commercial Property Loans

Economic Factors Influencing Commercial Property Loans

In the dynamic world of commercial real estate financing, understanding the myriad economic factors influencing commercial property loans can be complicated, to say the least. Commercial lending is not just figures on a balance sheet; they are deeply affected by various macro- and microeconomic elements. Numerous factors play pivotal roles, from the overarching health of…

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Banks vs. Private Lenders in Commercial Property Financing

Banks vs. Private Lenders in Commercial Property Financing

When comparing commercial property financing options between banks and private lenders, it’s important to consider the pros and cons of each. It’s also imperative to take into effect how economic factors like interest rates, market trends, and economic cycles can influence the availability and terms of these loans. Read on to discover more. Basics of…

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The Perks of Using a Mortgage Broker

The Perks of Using a Mortgage Broker

Mortgage brokers are intermediaries between real estate purchasers and loan agencies. They help borrowers find a lender with the best terms and rates based on their monetary requirements. Experienced mortgage brokers can save a borrower time, effort, and money. They also have access to more lenders. Working with a skilled and knowledgeable mortgage broker can…

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Obtaining Cash Through Home Equity Loans, HELOCs

Obtaining Cash Through Home Equity Loans, HELOCs

As a homeowner, you are automatically building equity through time, which can be used to secure low-cost funds by obtaining a second mortgage. Through one-time home equity loans or a Home Equity Line of Credit (HELOC), these options are available for you to access cash for renovations, large purchases, or alternative debt repayment.  Home equity…

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Alternative Loans Explained

Alternative Loans Explained

Conventional loans are not the only way borrowers can get approved – alternative loans include non-conforming loans, stated income loans, Alt-A loans, portfolio loans, and others. Where conventional loans cannot provide purchasing power, alternative loans can work for the right buyer.  Alternative loans are meant to assist unconventional borrowers to secure financing. Atypical buyers can…

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