Category: Loans

Commercial Mortgage Loans – Do I Qualify

January 25, 2020 Off

Commercial mortgage loans are not available to persons, but rather to businesses, which include partnerships, incorporated businesses, limited companies, etc. The business must be sound financially and the process to verify the business income can be more complicated than verifying the credit worthiness of a specific individual. That is why traditional commercial mortgages can take six to nine months to underwrite.

Commercial loans are procured for a variety of reasons: to buy the premises of an existing business, to make improvements or enlarge existing premises, to make commercial and residential investments or to develop the existing property in other ways. An example would be to buy already constructed business premises, like offices, shops, restaurants, or pubs. Additionally, they can also be used to buy business assets such as plant equipment and specialized machinery.

The Interest rates for commercial mortgages are generally higher than those for residential mortgages but lower than interest rates on unsecured business loans. A fixed-rate loan is the most common commercial mortgage. It is similar to the fixed rate home mortgage loan in that the interest rate remains constant throughout the term. However, the term for most commercial mortgage loans is between 3 and 10 years but they can be extended for as long as 25 years.

The commercial mortgage loan amount and interest rate that you can receive is a direct correlation of the credit worthiness assessed by the lender with respect to your ability to repay the loan. If you have an excellent business record with a verifiable profit and loss business statement then you will have little trouble getting a commercial mortgage at an attractive interest rate.

Commercial loans are not provided without extensive scrutiny regarding your business stability and profitability. The Lender usually wants to see your last three years of audited financial statements including a Profit and Loss statement, balance sheet and a cash flow forecast. Favorable business information is critical to the lender and to you because, as stated earlier, if you default on the loan the lender can repossess your property and sell it to repay the outstanding mortgage balance.

The best place to find commercial mortgage loans is on the Internet. There are enormous numbers of commercial lenders vying for your business and they all advertise on the Internet. It is possible to compare many loan quotes side by side and determine which is best for your financial situation.

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Avoid Bad Credit Home Loans By Monitoring Your Report & Seeking Credit Repair Services

January 21, 2020 Off

It is no secret that bad credit can affect your ability to maintain your financial integrity and achieve your dreams. Because of this, monitoring your credit report is an important part of managing your finances and working towards your financial goals. Whether these goals include purchasing a home or a car, or simply obtaining credit to buy necessities or to have as an emergency reserve, what is reported on your credit file will impact your ability to accomplish your objectives. This is particularly true when it comes to seeking funds for a major purchase, such as a home, which is why many people utilize the services of a credit repair consultant to remove negative credit information.

While bad credit home loans have been difficult to obtain for some time now, in the wake of the economic turndown it has become practically impossible. This has created a situation where it is more important than ever for people to seek assistance with credit repair, if needed. If you are not aware of what is currently being reported on your credit history, a good first step is to visit the website of one of the primary credit reporting agencies, such as My Credit File (Veda Advantage) to request a copy of your credit report. Once you have acquired a report from My Credit File or another agency, you will have a better idea of whether or not bad credit home loans would currently be your only option for obtaining a mortgage.

If you have blemishes on the credit report you receive from My Credit File and it appears that bad credit home loans might be your only option, do not despair. Some or all of the negative information on your file may be inaccurate, unfair or contestable. If this is the case, working with a credit repair consultant can help you remove those negative marks and fix your credit, which is an important part of better positioning yourself for seeking a mortgage, auto loan or credit card.

If you would like to speak to a consultant about your credit history and the possibility of improving your credit report through removing unfair or inaccurate information, contact Malouf Group Enterprises to discuss your particular situation.

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Loan Modification Alert Countrywide tightens Loan Modification

January 19, 2020 Off

Home Loan Modification allows defaulting borrowers to work out new terms with Countrywide, so that they can avoid foreclosure and stay on track. Countrywide began offering the service through their Home Retention Department at the height of last year’s real estate bubble. However, due to the volume of requests coming in, many cases were delayed and resulted in foreclosure. The company hit an all-time low in 2008 and was recently bought out by the Bank of America.

In line with the change, the Loan Modification Department of the Law Offices of Marc R. Tow is also taking measures to protect its clients. The firm, one of the leading loan modification services in the country, will only negotiate modifications with Countrywide for clients with viable cases and those who are in serious financial trouble. Changes are also expected in national Loan Modification policies. While loan modification is still open to borrowers not in default, new laws may soon limit the service only to those in bankruptcy or serious delinquency. This will allow lenders and loan modification companies to focus their attention to clients who are most in need. The firm will continue to help clients with loans serviced by other companies. Besides loan modification, the Law Offices of Marc R. Tow also offers assistance with loss mitigation alternatives such as short sales.”>Homeowners hoping to get a loan modification with Countrywide may want to rethink their options. Countrywide Financial, best known for excessive lending practices that led to widespread defaults, now has so much bad debt on its books that it may have to tighten up its loan modification service.

Home Loan Modification allows defaulting borrowers to work out new terms with Countrywide, so that they can avoid foreclosure and stay on track. Countrywide began offering the service through their Home Retention Department at the height of last year’s real estate bubble. However, due to the volume of requests coming in, many cases were delayed and resulted in foreclosure. The company hit an all-time low in 2008 and was recently bought out by the Bank of America.

In line with the change, the Loan Modification Department of the Law Offices of Marc R. Tow is also taking measures to protect its clients. The firm, one of the leading loan modification services in the country, will only negotiate modifications with Countrywide for clients with viable cases and those who are in serious financial trouble. Changes are also expected in national Loan Modification policies. While loan modification is still open to borrowers not in default, new laws may soon limit the service only to those in bankruptcy or serious delinquency. This will allow lenders and loan modification companies to focus their attention to clients who are most in need. The firm will continue to help clients with loans serviced by other companies. Besides loan modification, the Law Offices of Marc R. Tow also offers assistance with loss mitigation alternatives such as short sales.

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Need Cash No Credit Checks Find The Best Loan With He Help Of Payday Loan

January 17, 2020 Off

Every one wants to pass his life without any tension but unexpected expenditures make his life very hard. Unexpected expenditures always come at ones door without any information that a person has to face it. But now, any salaried person can make his/her life easy by getting the help of Need Cash No Credit Checks. The borrower can get rid off all financial problems with the snap of fingers. With the help of Need Cash no credit checks, The borrower can solve his/her all monetary problems such as medical treatment, electric bills, water supply bills, home renovation, car repairing, arrange the marriage party, pay the education fees of his child, purchase the some item to decorate his home in occasion any festival and any party, pay the unexpected bills, etc. these loans help like a best friend.

These are hassle free loan which help those people who are in need of the cash immediately. If you are also one of them, you can also apply Need Cash No Credit Checks. There are many institute and loan lending companies that provide a lot of loans. You can find them without difficulty over internet or by following the some requirements. Online payday companies offer electronic application form where you have to give your personal information such as name, phone numbers, address, social security number, employer, bank account, date of birth, and references. Once you have to submit an online application form. After that a loan officer will confirm your all personal details, the next day you will see that the cash is in your bank account with in 24 hours in the same day. These loans are an ideal loan.

Need Cash No Credit Checks are short term unsecured loan. A great advantage of these loans is that to get a loan you have no need to any faxing and paper working. You can apply these loans without any faxing and paper working. The rate of interest of these loans are bit higher comparison of the other loan. If you have bad credit, no credit or poor credit history, no need to be panic any more because despite having all these, you can avail the loan easily. You can get the loan amount ranges from 100 to 1500. The repayment period is 15 to 30 days. If you delay to pay the loan amount, you have to pay extra charge.

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Hour Payday Loans – A Loan for all your Immediate Needs

January 8, 2020 Off

Almost every salaried person faces financial problems before their next payday. It is not a very uncommon situation seen today. Salaried people receive their pay once in a month which gradually keeps on draining throughout the month. Finally as the end of the month is nearing they start having monetary difficulties and it sometimes become difficult for them to even manage their day to day expenses.

To tide them over from such troublesome situations 1 Hour Payday Loans are perfect solutions.1 Hour Payday Loans is the perfect credit facility in case one needs to get cash help at any time in the month. The approval of these finances can be received within 60 minutes of the application submission. It is short-term advance which provides instant money support. One can utilize this loan amount to solve all their financial problems like paying for some pending dues, credit card bills, library bills, electricity bills, phone bills, and many more.

The lender can sanction amount up to 1500 to the debtor. The repayment time provided is not more than a month. There is no hassle while paying back the sum as one can easily pay it whenever they receive their next payday.This advance is not a cheap facility as it comes with a high interest rate. If the debtor is unable to repay the loan by the given stipulated time, he can always apply for extension for which he will have to pay some extra fee.

1 Hour Payday Loans are very helpful to those who have suffered from an adverse credit history as these can be forwarded to bad creditors without any problems. This is due to no credit checks being performed during the lending process.

Online medium is a smooth way to get these loans.

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