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The same way you would for a single family property, the only difference is the maximum LTV allowable. It depends on how many units the property is, 1-4 units is considered residential but 5 units and up is commercial and has different guidelines. Also a factor is if this will be an owner occupied property or is this a property you are buying as an investment.
If you have any further questions on this subject or any mortgage related subject please feel free to contact me.
Thank You,
Edward David
Sr. Loan Officer
Stanley Capital Mortgage Co.
347-254-8311
EDavid@StanleyCapital.com
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∙ 8y ago
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What is a home mortgage?
A home mortgage is a loan that is secured by property through the use of a mortgage note that ultimately grants you a mortgage for your home. You can obtain financing on the purchase of your new home or any home.
What are the advantages of owner financing?
There are a number of advantages to owner financing. The biggest would be if the person attempting to purchase the home you are selling is not able to obtain conventional financing for any reason.
Match each type of financing with the method used to obtain it. Debt financing equity financing public financing?
Debt financting-taking a loan from a bank Equity financting-selling owership in the company public offering-selling shares of stock on the open market
What does a secured real property loan consist of?
Financing Statement and trust deed
Can commercial property financing be obtained online?
Commercial property financing can be obtained online from the following sources: Target Mortgages, Funding Circle, Home Loans, HDFC Bank, Torrey Pines Bank, Bank of America.
Is it legal to obtain a loan in California to refinance a Florida property?
Yes, you can obtain financing from a lender who is located in California to refinance a Florida property. Many lenders refinance properties located throughout the United States.
Where could a person obtain inventory financing?
Someone that is looking to obtain inventory financing can do so on the website Your Credit Advisor. On this website one can find all the details on what the loan is and how to obtain or apply for the loan.
Where can I obtain information on business financing?
To find business financing you can always start by looking through the telephone book if you don't have access to the internet. Most financing companies will help you find the right financing company for you or they do their own financing.
What is a home mortgage?
A home mortgage is a loan that is secured by property through the use of a mortgage note that ultimately grants you a mortgage for your home. You can obtain financing on the purchase of your new home or any home.
What are the advantages of owner financing?
There are a number of advantages to owner financing. The biggest would be if the person attempting to purchase the home you are selling is not able to obtain conventional financing for any reason.
Where can one obtain motorhome financing?
Motorhome financing can be obtained from banks. For example, the Bank of America offers this type of financing. There are also specialist lenders such as the RV Lending Group.
Financing decisions primarily deal with?
how to obtain funds to acquire resources
How do you obtain financing for a rental property?
The same way you get the loan for any property. You go to the bank and apply. They may have requirements to include incorporation, rental history for the property and other items you don't need for a home loan. You can also check with the Small Business Administration to see if any of their programs can help.
How do a corporation purchase a residential property?
The corporate board votes to authorize the company, through its officers, to purchase a property. The officers obtain the necessary financing for the transaction and designate an authorized officer to sign any necessary papers. A certificate from the corporate clerk may be required to authorize a third-party loan to the corporation or even for seller financing, including representations that the transaction is authorized by the board. The corporate attorney or officer then works with the sellers to craft the necessary deed naming the corporation as the grantor, to obtain title insurance, and all the ordinary acts of buying a property.
what procedure do i need to follow to obtain low interestloan for obtaining property and equipment to open automotive shop?
Allbex offers loans for both property and automotive shops at low interest please refer this link for further details http://www.allbex.com/Financing%20Products.htm
Where can a person with bad credit obtain financing for a car?
Usually the dealership can help you obtain financing. It depends on the price of the car, your credit score, how much money you make, how many years you were at your current job, etc.
Did Columbus obtain financing from the portuguese queen on his voyage to the new world?
no! from Spain
