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What should you consider when getting a commercial mortgage quote?
Wiki User
∙ 10y ago
When considering getting a commercial mortgage quote, you should be sure to look for the amortization period, the interest rate, and the rate you would be paying.
Wiki User
∙ 10y ago
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What should one know before they refinance a home?
Before a homeowner refinances a home, they should consider how much less a mortgage payment will be after a refinance. They should also consider the differences between a fixed rate mortgage and an ARM mortgage rate. These factors can dictate how long it will take to repay a mortgage.
How does one accquire a fixed mortgage?
You should consult your bank about getting a fixed mortgage. You have to do this through your bank and you should weigh the options of this compared to a regular mortgage.
Where can one find cheap commercial property mortgages?
All commercial mortgages will be offered on the basis of the business and financial background of the applicant. In order to find a cheap commercial property mortgage the applicant should make use of comparison sites and research to ensure they are getting the best product.
What is a reverse mortgage lead?
A reverse mortgage lead is where you can get names of people that are interested in getting a reverse mortgage. These leads should already have been screened to meet the criteria for a reverse mortgage.
What should be considered when you remortgage online?
When remortgaging online, one should consider the interest rates. One should also consider the re-mortgage set up fees, and compare these to any potential interest saved over the period of the re-mortgage, to see if there are any extra savings to be made.
Where can one obtain a commercial real estate mortgage?
If you are looking to get a commercial real estate mortgage, you have a few choices available. You should try your local banking institution. You can then contact some of the larger banks like Wachovia or Wells Fargo.
How can you calculate your mortgage at 7 percent for 30 years?
Many mortgage brokers have something called a mortgage calculator. Call your mortgage company they should be able to help you. When you find out what your mortgage is at 7% for 30 years you might consider, if qualified, to refinance into a lower interest rate.
What age should you consider getting your child braces?
About
Where can one find information on commercial mortgage rates?
There are many websites that provide that information, you should easily find what you are looking for. Alternatively you can contact mortgage agent or call the bank directly.
What should be the last source to consider when trying to fulfill a requirement for supplies?
Commercial sources.
Does your cosigner have to be on the deed if you want to use the property for collateral on a loan?
The cosigner would need to agree. At the very least, consider what you are doing before you even ask.If you needed a co-signer for the first thing, your finances are in disarray. You should be able to refinance the first loan in your name only and then and only then consider adding to your debts.AnswerNo. A person who agrees to be a co-signer on a note and mortgage does not need to be on the deed. However, if you don't own the property then you should not promise to guarantee the mortgage will be paid.A co-signer on a note and mortgage is completely responsible for paying the mortgage if the primary borrower defaults. If someone has asked you to sign their note and mortgage you should consider the request carefully. If you decide to go ahead and sign you should also consider requiring that they execute a new deed with you as the co-owner of the property.
If a same-sex couple lives together but the home and mortgage are in the name of only one of the partners what happens to the house and mortgage if that partner dies?
Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.
