Commercial Loans
What are the application fees? Tax Ease structures our loan program to keep out-of-pocket expenses to a minimum. An affordable loan processing deposit covers expenses related to the processing of your loan application and the closing of your loan, and is due with your completed application. This fee is $250 for residential loans, and $1,000 for commercial loans. This covers our costs of property inspection, credit check, title review, property inspection and other expenses.Castle Commercial Mortgage Co. is a Private Money Lender. Some also call us a Hard Money Lender. Basically, we use Private Funds to make short-term real estate/real property loans.
What precautions should I take? Be aware of the meaning of Loan to Value. The greater the LTV the riskier the loan, other things being equal, LTV is the percentage of the loan or loans to the value of the property. Thus an $80,000 loan against a property worth $100,000 has an 80% LTV. The least risky loans are to homeowners, followed by second homes, rental properties, commercial properties, then vacant land.We offer commercial loans internationally. For Residential loans, if you are a United States citizen or green cardholder and are purchasing a property within the United States, you are eligible for our loan programs - even if you currently live outside the United States. We also can provide loans for US properties to foreign nationals. We will consider residential loans for properties located outside the United States.
WHAT IS A MORTGAGE ORIGINATOR? A Mortgage Originator organises and negotiates funding for home owners and property investors (residential, commercial, industrial and retail) from a variety of funding sources. Settlers Home Loans Pty Ltd is such a mortgage originator. Mortgage Originators act to introduce a borrower to the lender that in the originator’s opinion offers the best product for the specific needs of the borrower.Dorchester Finance Limited has three main areas of lending. The first is larger commercial type loans from $50,000. These are mostly secured on first and second mortgages over properties.
Where do you lend funds to? Dorchester Finance Limited has three main areas of lending. The first is larger commercial type loans from $50,000. These are mostly secured on first and second mortgages over properties. The borrowers are many different enterprises covering the commercial, industrial and property sectors in NZ. Dorchester Finance also has subsidiaries which are active in the motor vehicle hire purchase business and also act as brokers in this industry.There is a mortgage program for the payment of Collection Sewer Charges and System Development Charges. The combined cost must be at least twice the System Development Charge for a single family residence. Applicants must demonstrate equity in the property and supply title insurance equal to the amount of the mortgage.
Where do you lend funds to? Dorchester Finance Limited has three main areas of lending. The first is larger commercial type loans from $50,000. These are mostly secured on first and second mortgages over properties. The borrowers are many different enterprises covering the commercial, industrial and property sectors in NZ. Dorchester Finance also has subsidiaries which are active in the motor vehicle hire purchase business and also act as brokers in this industry.Tax Ease structures our loan program to keep out-of-pocket expenses to a minimum. An affordable loan processing deposit covers expenses related to the processing of your loan application and the closing of your loan, and is due with your completed application. This fee is $250 for residential loans, and $1,000 for commercial loans. This covers our costs of property inspection, credit check, title review, property inspection and other expenses.That is a good question and something important to understand.
What is a “Life Settlement? Answer: A life settlement provides life insurance policy holders with an option when premiums are too costly or policy’s are no longer needed. It’s for policy holders who are facing a serious illness at any age or who are age 70 and above with any type of health. A life settlement is an awesome financial tool because instead of selling a life policy to an insurance company for pennies of the dollar, or letting a policy lapse, 1st Choice Funding’s financial solution provides much more.Jumbo is a mortgage larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac, currently $400,000.
Written by Peter Andrews on December 17th, 2008 with no comments.
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