Welcome to Real Estate Loans Guide
Underwriting Commercial Real Estate Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Real Estate and Mortgage Loans Categories
from:There are many different kinds of mortgage and real estate loans. In fact, there are so many that it can be really hard to keep track of them all. While we can't list them all here, we can tell you about the most popular and the ones that you will surely run into during your search for the perfect loan. Stay tuned to learn all that you can about mortgage loans categories.
First, the main two real estate and mortgage loans categories are commercial and residential. Commercial loans are used to buy property that will be used by a business. This can be as their offices, retail stores, or industrial plants. Then there are residential loans. These are used for families who need a house to live in. This also applies to multiple family homes like condos and duplexes. If you are looking for a home to live in, you would use this variety.
Next, you will need to verify whether the interest rates are fixed or adjustable. These are the next aspects of real estate and mortgage loans categories. A fixed rate mortgage will keep the same interest rate for the life of the loan. this is good if you can secure a really low rate to begin with. Adjustable rate mortgages will change as the economy changes. Although this can mean periods of a low rate, it can also get really high as well.
Besides the regular mortgage loans categories, there are others that are used to save you money or help you get more loans after you have bought your property. Refinance loans are used to improve the terms, such as interest rates, on your current loan. Home equity loans and second mortgages are used to take out more money for a loan by using your equity as collateral.
There are still so many more real estate and mortgage loans categories to choose from. There are balloon mortgages, bridge loans, and package loans. To help you weed through all of these choices, you should contact a mortgage or real estate broker. Their sole purpose is to help you find the right mortgage loan. They take all of your interests into account. They even check your credit to make sure that you will qualify for whatever loan that you choose. This makes working with a real estate broker a must if you want to end up with the right loan. To find a good broker, you can search online or in the yellow pages. Make sure that they are certified and have a license to work as a broker.
Underwriting Commercial Real Estate Loans News
Commercial mortgage delinquencies on rise - FinancialWeek (subscription)
Commercial mortgage delinquencies on rise FinancialWeek (subscription), NY - Overly aggressive commercial mortgage underwriting and deteriorating commercial real estate values mean some commercial real estate mortgages may be worth ... |
Bank fees separate the big banks from the local guys - Long Island Business News
Bank fees separate the big banks from the local guys Long Island Business News, NY - “They generally follow common-sense underwriting,” Reid said. “They have made good mortgage loans and are generally not involved in subprime debt, ... |
Dearth of credit slows leasebacks - FinancialWeek (subscription)
Dearth of credit slows leasebacks FinancialWeek (subscription), NY - But commercial real estate prices have come down considerably from their 2007 highs, and some executives harbor unrealistic expectations regarding the value ... |
UPDATE 1-Economy, TARP conspire against commercial mortgages - Reuters
UPDATE 1-Economy, TARP conspire against commercial mortgages Reuters - By Al Yoon NEW YORK, Nov 19 (Reuters) - Bonds backed by commercial real estate loans cratered for a second day on Wednesday on fears the fast-weakening US ... Big CMBS Loans Near Default; CMBX Soars, REITs Tank UPDATE 1-Big CMBS loans seen near default, index yields soar |
Commercial Property Bonds May Offer Upside - CNBC
Commercial Property Bonds May Offer Upside CNBC, Englewood Cliffs - Regional banks and some real estate investment trusts, or REITs, are likely to get hit hard as delinquencies on commercial real estate loans rise. ... |