Capital is the foundation of every business. The business owner needs to have enough funds to run his business smoothly. And, as we know, business does not always mean earning profits – you may have losses as well. In a not always predictable market, doing business necessitates the requirement of immediate cash. Commercial secured business… Read More…
Articles
Why A Commercial Equity Loan?
One main reason for getting a commercial equity mortgage loan is to obtain a line of credit. A line of credit is an amount of money made available for you to borrow from whenever you wish. When you get a line of credit with a commercial equity mortgage loan, what you’re actually doing is getting… Read More…
Private Hard Money Lenders and Working With A Commercial Mortgage Broker
Whether to work with a broker or a direct lender Private hard money lenders are in the business of providing loans and loan services to people who require hard money loans (loans collateralized by real estate.) Private hard money lenders may be direct hard money lenders or brokers of hard money loans. Most private hard… Read More…
Bad Credit Commercial Loans and Mortgages
While credit profile is an important consideration in the lending decision it is not the only one. A bad credit commercial mortgage or loan is available to individuals and businesses with less than perfect, or poor credit rating. These are also called “sub-prime” loans. Bad credit commercial loans and mortgages are available for any… Read More…
Advantages of a Commercial Second Mortgage
A commercial second mortgage is an important commercial real estate tool. Commercial second mortgages are often used in conjunction with a new first commercial mortgage loan. Typically the commercial second mortgage will have a term of one to five years with interest only payments. While commercial second mortgages can be critical in some financing scenarios, consideration must… Read More…
Commercial Mortgages
Commercial Mortgages Alternatives to Traditional Banks as Sources for Commercial Loans Commercial mortgages are available through banks, commercial mortgage companies and private lenders. Commercial mortgage rates vary as widely as residential mortgage rates. Traditional banks offer some very low rates. However, due to their restrictive lending criteria, they are prevented from making commercial mortgages for… Read More…
Bad Credit Residential Mortgage
At Donna’s Mortgages, we have a track record for helping our customers manage their financial affairs responsibly, and assisting them in re-establishing their credit and stability. We understand that, although many clients are capable and willing to take on the responsibility of a new residential mortgage, the criteria used by most, if not all, financial… Read More…
Residential Mortgages
Residential Mortgages Choosing a residential mortgage in today’s market can be a challenging decision. The borrower can be faced with a myriad of choices. Each lending institutions presents their respective claims to the enquiring borrower in an attempt to entice them to use their residential mortgage product. Each one assures the borrower that their product… Read More…
Fast Tracking to Mortgage Free
Just imagine – as you’re going through your favourite coffee drive-thru this week – that a well-dressed gentleman stops and offers you $11,000 for your medium double double. Who would hesitate? We’d take the cash. It’s not so far-fetched. In fact, if you take that coffee budget and apply it to your monthly mortgage… Read More…
Stealing The Home From under You – The Growing Problem of Title Fraud
Stealing The Home From under You – The Growing Problem of Title Fraud Imagine this. A Canadian homeowner – a successful professional with a lovely home in a nice neighbourhood – arrives home after work one day to find a “For Sale” sign on his lawn. Imagining that it may be a practical joke, he… Read More…