Many borrowers are unprepared for common business loan and commercial mortgage issues that arise. By preparing for the worst case scenario and anticipating common obstacles that might occur during such a process, business owners and/or loan seekers are better prepared for the potential consequences should their financing options go awry. Moreover, being prepared for the […]
At a time when many Americans are struggling to qualify under stiffer mortgage guidelines, there is a surprising increase in mortgage loans for million-dollar home purchases. Wealthy Americans are taking advantage of record low interest rates and are borrowing to finance their luxury homes. These loans are “jumbo” loans, defined as greater than $417,000 and […]
By Dorothy Bunce If you previously applied for a home loan modification and gave up in frustration, now may be a good time to try again. Lenders have started to get their acts together and have made the process simpler by hiring people with real qualifications to process the applications. The cost to apply is […]