Dec
29
Jeremy asked:
They are at 6.47%, last week they were 6.14% and for a while it was even in the 5′s.
HOWARD
They are at 6.47%, last week they were 6.14% and for a while it was even in the 5′s.
HOWARD
Dec
29
Jim C asked:
I need a commercial lender to do a small Commercial RE loan to buy an Auto Repair Shop in New York State. Purchase price of 45,000 and would like about 15,000 extra to do some upgrading. Fair Credit Score. Any ideas?
SOLOMON
I need a commercial lender to do a small Commercial RE loan to buy an Auto Repair Shop in New York State. Purchase price of 45,000 and would like about 15,000 extra to do some upgrading. Fair Credit Score. Any ideas?
SOLOMON
Dec
29
earth angel asked:
or are rate sheet the same for home loan and commercial loan? How do you calculate a loan? (I have to turn in homework next week – and I miss some of my classes and totally at lost) Please help me.thanks
SON
or are rate sheet the same for home loan and commercial loan? How do you calculate a loan? (I have to turn in homework next week – and I miss some of my classes and totally at lost) Please help me.thanks
SON
Dec
28
I have a commercial loan on an apartment building. What is a better deal for refinancing?
Filed Under Renting & Real Estate | Leave a Comment
exfootballgraduate asked:
current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000)
current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000)
can refi with another lender with same terms with 8.00% (approx 480,000)
or can refi with original bank at 7.625% with one year of the original note being paid down already?
GARLAND
Dec
26
Home loans with low down payments require PMI insurance, so why are banks losing money on sub-prime mortgages?
Filed Under Renting & Real Estate | 2 Comments
cmsb705 asked:
A home loan with less than 20% down requires PMI (Private Mortgage Insurance). Since most “sub-prime” mortgages would require PMI, why are banks losing so much money on these loans? Shouldn’t it be the insurance companies that lose the money?
MURRAY
A home loan with less than 20% down requires PMI (Private Mortgage Insurance). Since most “sub-prime” mortgages would require PMI, why are banks losing so much money on these loans? Shouldn’t it be the insurance companies that lose the money?
MURRAY