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How to Qualify for a Commercial Property Loan: Requirements and Eligibility

How to Qualify for a Commercial Property Loan: Requirements and Eligibility

Securing a commercial property loan is a critical step for any business owner looking to expand, diversify, or enter the real estate market. Unlike residential loans, commercial loans come with unique challenges and requirements. Understanding these can significantly enhance your chances of approval. This article will explore the key criteria borrowers must meet to qualify…

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How the SBA 504 Loan Program Can Benefit Your Business

How the SBA 504 Loan Program Can Benefit Your Business

Owning commercial property can be a pivotal step for small business owners, offering stability and the potential for significant growth. However, navigating the maze of commercial real estate financing can be daunting. This is where the Small Business Administration’s (SBA) 504 loan program comes into play, offering a lifeline to entrepreneurs aiming to purchase or…

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The Basics of Commercial Property Lending

The Basics of Commercial Property Lending

Commercial property lending is an intricate part of the real estate industry, providing essential financial support for acquiring, developing, and refinancing commercial properties. This guide aims to demystify the complex world of commercial property lending, offering insight into the types of properties involved, the lending process, and the key players in the industry. What is…

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Unlock Real Estate Investment Opportunities with DSCR Loans

Unlock Real Estate Investment Opportunities with DSCR Loans

With careful planning and a strategic approach, DSCR loans can pave the way for a prosperous and sustainable venture into the world of real estate investment. Read on to learn more about Debt Service Coverage Ratio (DSCR) loans. Navigating Cash Flow Concerns in Real Estate Investments Investing in real estate can be both exciting and…

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Investment Property Rental Loans

Investment Property Rental Loans

Rental loans, or Debt Service Coverage Ratio (DSCR) loans, are tapered to rental investment properties. The DSCR metric evaluates the rental income, operating expenses, and mortgage expenses to formulate a dollar value.  Commercial lenders (private lenders, banks, etc.) typically require a minimum DSCR to qualify for a Loan-to-Value (LTV). DSCR loans provide a personal guarantee…

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<strong>How to Buy a Home in Nine Steps</strong>

How to Buy a Home in Nine Steps

Homeownership can be both rewarding and daunting, especially for new buyers. If you’re in the market for a new home and aren’t sure what the procedures are, follow these nine steps to help guide you in the right direction.  Are you in the market for a new mortgage? Contact the experts at EB Mortgage today…

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Credit Scores Explained

Credit Scores Explained

Let’s face it, most of us don’t have a couple hundred thousand dollars under our pillow to buy a home or even a new vehicle. We need banks to loan us large amounts of money for big-ticket items. How do banks determine who qualifies for a loan by calculating our credit score? Your credit score…

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Experts Spot Recession Signs in Michigan

Experts Spot Recession Signs in Michigan

Soaring prices for items such as gas, airline tickets, food, and more are signaling alarms to economic experts. According to a June report by the University of Michigan Surveys of Consumers, buyer sentiment decreased by 14.4 percent in June, and roughly 79 percent of consumers anticipate bad times for business conditions in 2023.  University of…

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Home Maintenance 101

Home Maintenance 101

Owning a home is a constant responsibility. Upkeep includes aesthetics, but it’s essential not to overlook smaller, less-noticeable aspects of home maintenance as well. For first-time homebuyers, home maintenance might feel somewhat overwhelming. Where do you start? Look no further. Monthly Each month, you can do some easy and inexpensive tasks to prevent extensive maintenance…

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