John Maclean
The 3 Most Common Mortgage Acronyms You Need to Know
As of June 2020, the median price of a house in the U.S. was about $284,600, as reported by the National Association of Realtors (NAR). With about 1.3 million Americans earning below the minimum wage, per the U.S. Bureau of Labor Statistics (BLS), paying for a house out of pocket can be difficult. This is where mortgage lenders come in
How Do Commercial Real Estate Loans Work in California?
Currently, the index value of the commercial property price in the U.S. is 185.62, as reported by Statista. Over recent years, this cost has gradually risen due to factors like the state of the economy, increased demand for housing, and rising interest rates. On the other hand, construction costs for a particular property depend on several factors, including location, size,
How Fannie Mae Is Different from Freddie Mac
Fannie Mae and Freddie Mac, which are government-backed agencies, play an integral role in the American housing system. They buy mortgage loans from lenders, such as banks, package those loans into mortgage-backed securities, and then sell them to investors. Because Fannie Mae and Freddie Mac take on much of the risk, investors generally consider those securities to be safe. These
Comparing Commercial Loan Types for Small Businesses
Every year, at least 29% of startups fail due to cash flow problems, as reported by Statista. Those who opt for commercial loans to boost their financial strength survive longer than the rest. To determine commercial loan eligibility of a business, more than 80% of banks consider factors such as business liquidity, business age, owner experience, owner net worth, and
How to Prepare a Financial Package For a Commercial Loan
For many business owners, knowing the process of preparing a commercial loan package can be one of the most resourceful tools. Although this process may seem overwhelming and even frustrating, it is very important to get right when considering your financial future. When preparing your commercial loan application, here is what you need to know about preparing a financial package.
Five Ways Commercial Real Estate is Different Than Residential
Commercial and residential real estate are different in more ways than one. When most people think about real estate, they picture a single-family home. However, that’s just one option when it comes to the many types of properties to invest or work in. Each industry has its own risks and benefits. Take a look at the ways in which commercial
How Millennials Are Changing Commercial Real Estate: Crowdfunding
Millennials, those born between 1982 and 2004, entered the job market during one of the most difficult times that the nation experienced – the Great Recession. Loaded with student debt, no savings, big dreams, and skills learned while taking unpaid internships, millennials were trying to navigate the jobs market when large businesses were letting seasoned staff go. However, with their
How to Sell Seller Carry-Back Mortgages
Getting a mortgage from a bank isn’t the only way to finance the purchase of a home. In fact, seller-financing in real estate is a hot topic and can often be a viable alternative to a traditional mortgage loan. Here is what you should know about a seller carry-back mortgage and how to sell one effectively. Seller Carry-Back Mortgages
Commercial Property Mortgage Rates: How Do They Work?
Commercial mortgages are a complex process and there are many things to consider when deciding whether it’s the best choice for your business. To help you understand what commercial property mortgage rates are and how they work, read on. Commercial Property Mortgages Commercial property mortgage rates are not consistent in the same way as residential mortgages. Generally with
California Department of Real Estate – Real Estate Broker No. 00388229 |Corp NMLS ID # 1726526
Non-consumer, Business Purpose Loans secured by commercial or residential property.
