If You Read One Article About Loans, Read This One

How to Nail That Multifamily Loan

Multifamily financing is a mortgage intended for someone who wants to buy or refinance smaller multifamily properties having no less than four units and big apartment buildings with at least five units. Multifamily loans are a wonderful option for all kinds of real estate investors and professionals, old hands and novices alike. Rates are usually around 4.5 percent to 12 percent and terms usually go up to 35 years.

If you’re searching for permanent multifamily financing for a rental units, these are five helpful tips you can keep in mind:

1. Apply as early as you can.

Any good loan officer and underwriting team will do what they can to fast-track the process, starting from the inquiry all the way to actual funding. It isn’t always true, but sometimes there are issues that cause delays. For example, underwriter backlogs or incomplete information from the borrower. Hence, it always makes sense to begin the process as early as possible.

2. There are lots of options.

We just want to make it clear that you have options – banks, life insurance companies, private investors, and so on and so forth. Knowing you have options widens your perspective as you decide which one is the best for you.

3. As soon as your loan is approved, lock your interest rate.

While this may sound too easy or obvious, it’s worth the emphasis: lock your interest rate once your application is approved. We all have our impressions as to how the rates will move, but does anybody actually know for sure? If you’ve reached this point of getting approved for financing, your best step is to lock your rate and say goodbye to stress. This way, you can rule out any rate movement risks and proceed knowing what … Read the rest

If You Read One Article About Loans, Read This One

How to Nail That Multifamily Loan

Multifamily financing is a mortgage intended for someone who wants to buy or refinance smaller multifamily properties having no less than four units and big apartment buildings with at least five units. Multifamily loans are a wonderful option for all kinds of real estate investors and professionals, old hands and novices alike. Rates are usually around 4.5 percent to 12 percent and terms usually go up to 35 years.

If you’re searching for permanent multifamily financing for a rental units, these are five helpful tips you can keep in mind:

1. Apply as early as you can.

Any good loan officer and underwriting team will do what they can to fast-track the process, starting from the inquiry all the way to actual funding. It isn’t always true, but sometimes there are issues that cause delays. For example, underwriter backlogs or incomplete information from the borrower. Hence, it always makes sense to begin the process as early as possible.

2. There are lots of options.

We just want to make it clear that you have options – banks, life insurance companies, private investors, and so on and so forth. Knowing you have options widens your perspective as you decide which one is the best for you.

3. As soon as your loan is approved, lock your interest rate.

While this may sound too easy or obvious, it’s worth the emphasis: lock your interest rate once your application is approved. We all have our impressions as to how the rates will move, but does anybody actually know for sure? If you’ve reached this point of getting approved for financing, your best step is to lock your rate and say goodbye to stress. This way, you can rule out any rate movement risks and proceed knowing what … Read the rest

If You Read One Article About Loans, Read This One

How to Nail That Multifamily Loan

Multifamily financing is a mortgage intended for someone who wants to buy or refinance smaller multifamily properties having no less than four units and big apartment buildings with at least five units. Multifamily loans are a wonderful option for all kinds of real estate investors and professionals, old hands and novices alike. Rates are usually around 4.5 percent to 12 percent and terms usually go up to 35 years.

If you’re searching for permanent multifamily financing for a rental units, these are five helpful tips you can keep in mind:

1. Apply as early as you can.

Any good loan officer and underwriting team will do what they can to fast-track the process, starting from the inquiry all the way to actual funding. It isn’t always true, but sometimes there are issues that cause delays. For example, underwriter backlogs or incomplete information from the borrower. Hence, it always makes sense to begin the process as early as possible.

2. There are lots of options.

We just want to make it clear that you have options – banks, life insurance companies, private investors, and so on and so forth. Knowing you have options widens your perspective as you decide which one is the best for you.

3. As soon as your loan is approved, lock your interest rate.

While this may sound too easy or obvious, it’s worth the emphasis: lock your interest rate once your application is approved. We all have our impressions as to how the rates will move, but does anybody actually know for sure? If you’ve reached this point of getting approved for financing, your best step is to lock your rate and say goodbye to stress. This way, you can rule out any rate movement risks and proceed knowing what … Read the rest

If You Read One Article About Loans, Read This One

How to Nail That Multifamily Loan

Multifamily financing is a mortgage intended for someone who wants to buy or refinance smaller multifamily properties having no less than four units and big apartment buildings with at least five units. Multifamily loans are a wonderful option for all kinds of real estate investors and professionals, old hands and novices alike. Rates are usually around 4.5 percent to 12 percent and terms usually go up to 35 years.

If you’re searching for permanent multifamily financing for a rental units, these are five helpful tips you can keep in mind:

1. Apply as early as you can.

Any good loan officer and underwriting team will do what they can to fast-track the process, starting from the inquiry all the way to actual funding. It isn’t always true, but sometimes there are issues that cause delays. For example, underwriter backlogs or incomplete information from the borrower. Hence, it always makes sense to begin the process as early as possible.

2. There are lots of options.

We just want to make it clear that you have options – banks, life insurance companies, private investors, and so on and so forth. Knowing you have options widens your perspective as you decide which one is the best for you.

3. As soon as your loan is approved, lock your interest rate.

While this may sound too easy or obvious, it’s worth the emphasis: lock your interest rate once your application is approved. We all have our impressions as to how the rates will move, but does anybody actually know for sure? If you’ve reached this point of getting approved for financing, your best step is to lock your rate and say goodbye to stress. This way, you can rule out any rate movement risks and proceed knowing what … Read the rest

If You Read One Article About Properties, Read This One

4 Ways to Sell a House Fast

There are lots of reasons why would you come to a decision of selling your house fast. It is possible that you’re relocating due to your job in few weeks time and if you fail to sell it, you will be stuck in it, you may even be facing foreclosure so you like to have a quick sale or, it can be for a simple reason that you want to generate enough capital for new business opportunities.

There are numerous reasons to why somebody would like to sell their house fast but the question is, how? By reading this article, you are going to learn the best methods in selling your house fast and get that money you need.

Number 1. Price it low – among the fastest methods of selling a house is putting your property on sale less than its market value. It’s because people are well aware of what is a good deal when they see one and it will not be for long before you receive inquiries and close a deal. People who put their properties for sale at market value is a common thing actually but it’s normal for them as well to wait for months before making a sale.

Number 2. Get offers from local cash home buyers – selling your property to local cash home buyers is actually one of the effective methods to sell it fast. Well truth to be told, this will not require you to go through banks and execute the legal processes they need. Aside from that, selling to cash buyers will reduce fees such as fees, admin fees and most importantly, you can eliminate stress.

Number 3. Tidy up – they say that first impression last is true most especially when … Read the rest