A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property. Commercial mortgages are structured to meet the needs of the...
The peak homebuying season may be over, but there are still steps you can take to ensure a speedy sale. Setting the right price and making an excellent first impression are both essential to attracting buyers, but what else can you do to get the offers rolling in? Here...
There comes a time when having the freedom to up sticks and move around starts to lose its shine. You begrudge lining someone else’s pockets with rent. You begin to long for something other than beige walls; you dream of having the licence to get hammer-happy put up as...
First of all, have your credit checked. Homebuyers to have their credit checked six months before buying a place to make sure their FICO score is where it needs to be. Know what you can afford. Realtors insist that prospective homebuyers “contact a lender and be pre-approved so they...
Let’s see. Do I want to refinance now or wait until I finish with my home improvements? Or do I go ahead and get a construction loan, complete my addition, then refinance both my mortgages when the addition is complete? Do I need the value of my new addition...
In attempting to identify bubbles before they burst, economists have developed a number of financial ratios and economic indicators that can be used to evaluate whether homes in a given area are fairly valued. By comparing current levels to previous levels that have proven unsustainable in the past (i.e....
As a first-time buyer, there is much to consider. Here we have a look at some of the factors that may influence your decision, including: good school systems, tax breaks, reasonable housing, reasonable living costs and low crime rates. Good Schools Buying a house in an area that has...
There are a many benefits to owning your own condo – chief among them the fact that you actually own your own condo! However, along with the benefits, there can be unforeseen hassles. For example, a condo can be more than a financial commitment; it’s a social commitment as...
Recent Comments