John Maclean

When estimating your mortgage rate to calculate the possible cost of a real estate loan, there are multiple factors to keep in mind. The market itself, including the state of the economy, and personal factors like your credit score play a significant role. Read on to learn more about how we determine mortgage rates at Fidelity Mortgage Lenders. Factors That

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A multifamily home is an investment property with multiple separate units, each with its own legal address, kitchen, and bathroom. One family can reside in a single unit and may access it through a separate entrance. Multifamily units are usually self-contained. Examples include townhouses, condos, and duplexes. This blog discusses the key reasons to buy a multifamily property. Primary Reasons

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When starting your business, a small business loan, personal loan, or credit card may sufficiently serve your financial needs. As your enterprise grows, you’ll likely need more capital to purchase inventory, fund operations, hire staff, and expand your operations. This is where you’ll need commercial loans. A commercial loan helps you expand your business. It can also help you stand

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A commercial mortgage can help you quickly acquire or develop an income-generating commercial property. However, you may need to meet certain requirements to get this type of financing, including a down payment amount. Here is a look at how much down payment you will need and the benefits of paying a higher down payment. Is a Commercial Mortgage Down Payment

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If you want to invest in real estate, one of your key considerations should be the state where the property is located and the mortgage regulations followed by that state. With this knowledge, you will know how to recover your money if the borrower defaults on the loan. Each state has either adopted lien theory or title theory, although some

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Commercial real estate (CRE) encompasses properties built for business operations. These include office buildings, retail malls, hotels, and complexes. Different types of commercial real estate loans provide the funds to purchase or build these properties from the ground up. Read on to learn more about business mortgage options. Understanding Commercial Real Estate Loans A commercial real estate loan provides an

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With limited options to raise adequate funds, many small businesses struggle to stay afloat. For instance, research reveals that more than 25% of small businesses cannot grow and expand because of financial constraints. This is where commercial business loans come into play. Business owners can use these loans to finance various business operations, including opening new locations, hiring new employees,

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Many people get business ideas in their heads but don’t follow up on them because they don’t have enough capital to launch an enterprise. However, that’s where borrowing comes in, as a loan can lead to an investment that generates profits. Before you start searching for a “commercial loan near me,” it helps to learn about the following types of

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Very few investors have the upfront capital needed to execute commercial real estate deals. Financing is, therefore, an essential component of commercial real estate investing. Unfortunately, many potential borrowers are wary of commercial lending, thus missing out on opportunities. This apprehension is largely due to the common myths about commercial loans. When approached correctly, business loans can be precisely what

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