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Apartment Financing - Conventional

Conventional loan options on apartment financing is currently much more scattered than in the past. Previously rates, programs and loan to value, etc where very similar between competing lenders and banks. Now however, with the issues on credit markets we are seeing wide differences in offered loans.

For example, when we would shopped loans for our clients just a year ago, the difference in interest rates, from one source to the next would be maybe only 5% or so. One bank may have quoted an effective rate of 5.95%, the next 6.1%. Now it is not uncommon to see one source quote rates 100 basis points over the next, with wide differences in term, fixed period and even amortization schedule. Read more

Bad Credit Home Equity Loans - How to Get Approved

Home equity loans are one of the most popular financial products among Americans. There are many different reasons which make them so accepted and sought after. For example, a home equity loan can be used for any purpose whatsoever. Whether you want to remodel your house, buy a new car, consolidate your outstanding debts or go on a trip, this type of loan can make it happen. What is more, these loans are very easy to qualify for and offer very favorable loan terms. The icing on the cake: the tax you pay on this loan is more often than not tax deductible. Now, who would not want to get one of these? Read more

5 Ways to Spend the Proceeds of Your Home Equity Loan

Once you receive your one-time lump sum from your home equity loan, you may run the risk of being in more debt once you mismanage the cash in your hands. Worse, you may be paying only the interest but missing out on the payments for the principal. That’s why it is important to use your money in expenses that will give a good return. Here are some suggestions: Read more

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