Blog posts : "fixed mortgages best mortgage deals"

Commercial Mortgage Rates

With the so called TARP money and low indexes, owners are very curious regarding where the current commercial mortgage rates are. We give specific rates below and some general thoughts surrounding them, broken down by conventional and SBA loans. We will shortly come out with another report on rates …

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  Tags with the so called tarp money and low indexes owners are very curious regarding where the current commercial mortgage rates are we give specific rates below and some general thoughts surrounding them broken down by conventional and sba loans we will shortly come out with another report on rates for commercial investment properties commercial mortgage rates on conventional for general purpose properties like office retail that are either partially owner occupied or rented out with loan amounts between 500 000 3 000 000 we are seeing rates in the low 6%`s and for some strong borrowers in the upper 5%`s these are based on 25 and sometimes 30 year amortization schedules most fixed period offered are 5 years though we are seeing a few 7 and 10 year fixed program though rare conventional loan are as you may have guessed difficult to get done now loan to value are generally capped at 65% and underwriting is getting really concerned with global cash flow this is where they look very hard at all of the borrower`s it can get very cumbersome quickly and is a major `lynch men` of many current loan requests as the borrowers business may cash flow yet on the personal side they are underwater commercial mortgage rates on sba loans due to the relationship between the li is not the effective rate for the borrower but just in effect the index the 30 day libor was at 145% on 1109 the funding bank still has to add their margin on top of this combination most banks are at 200 to 275 basis points over for the borrower motel etc are having a difficult time getting any bank to fund their loan and borrowers should expect that their rate will be at the higher end ie 275 basis points over though the options have been reduced commercial loans are still closing owner occupants should look really hard at the sba options as they are the most viable in the market especially on higher leveraged loans loan request at or below 60% loan to value that are doable should qualify for some of the best commercial mortgage rates in the history of the business lastly it has never been more important to take your loan to the right banklender from the beginning you need to know who is still closing and which source is the right fit for your situation compare mortgages mortgage quotes fixed mortgages best mortgage deals

Mortgage Insurance quotes

Got Mortgage Insurance Qoutes? 

If you have just bought a new home or refinanced your old home, you have probably gotten more than a dozen postcards in the mail with very similar offers. They offer to protect your mortgage in case you pass away, become disabled, or ill. Some may mention an unemploy…

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 Posted in General
  Tags compare mortgages mortgage quotes fixed mortgages best mortgage deals
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