Rates For Stated Income Mortgages
Get the Facts about Stated Income Commercial Loans
Get the Facts about Stated Income Commercial Loans.
Stated income commercial loans work a little bit differently than other types of loans in that there is no income verification for the borrower, there is still income verification for the property. This type of loan program is basically geared to help real estate investors, as well as self-employed people benefit from commercial loans without having to jump through all the hoops that traditional lending and banking institutions require. These loans are based on an individual's stated or claimed income, which enables the lender to speed up the process and avoid many of the hurdles and obstacles that face many borrowers.
Griffin Capitals programs are for a multitude of different commercial property types including apartments, mixed-use properties, light industrial, hotels and motels, retail centers, restaurants, convenience stores, warehouses, and many more. Raw land is not permitted.
Borrowers can obtain a commercial loan for amounts between $250,000-$2,000,000. A personal credit score of 650 or higher is needed as well as collateral in approved commercial real estate.
Interest rates, loan to value, and loan amounts are approved based on credit, as well as property types and situations. The higher your credit score, the lower your rate - it's that simple. Griffin Capital offers loan to values up to 80% and does not generally charge any points.
The stated income loan process for small properties is streamlined, and individuals normally receive an approval or denial within 72 hours of application submission. If approved, Griffin Capital will need to order an appraisal from an approved company.
Stated income commercial loans offer businessmen and women that do not qualify for traditional bank financing the ability to purchase commercial real estate or pull cash out of commercial real estate.
Visit www.statedcommercialloans.com for more details.
About the Author
Statedcommercialloans.com provides commercial loans, stated income loans, commercial mortgages, no doc commercial loans, mixed use property loans.
No/Stated Documentation Programs
Check out our suggested links for Rates For Stated Income Mortgages and come bookmark this site for additional information. We appreciate your time and suggestions for other articles about Rates For Stated Income Mortgages or something we forgot to mention.
|
|
Reverse Mortgages For Dummies $12.11 Fully explains how reverse mortgages workWith special advice for the adult children of seniorsReverse mortgages are a great way for you to keep your home, even on a retiree`s fixed income. But with so many loan options, where do you start? Relax! This friendly guide covers all the basics so you and your adult children can understand and take advantage of these handy loans and keep the home you love.Discover how to*Decide if a reverse mortgage is right for you *Shop for the best reverse mortgage products *Find out if your home is eligible *Walk through each step of the process with confidence *Find a counselor who can help you |
|
|
All About Mortgages $15.4 Due to new hybrid loans abounding and interest rates increasing from bargain basement levels, millions of consumers who are either seeking a new mortgage or are interested in refinancing their existing mortgages are clamoring for an updated easy-to-follow guide to take them through the complex world of mortgages. In All About Mortgages, 4th Edition, author Julie Garton-Good, the sole three-time recipient of the prestigious international "Real Estate Educator of the Year" award from the Real Estate Educators` Association, provides a road map for consumers through the harrowing twists and turns of obtaining a home mortgage. Garton-Good will help consumers select the right mortgage for their needs, giving them the keys to save thousands of dollars. Approximately 25% of this new edition is updated, including new information on hybrid loans, foreclosure alternatives, and more. Now more than ever, it`s essential for consumers to be well informed about their mortgage options. |
|
|
Everything Mortgages Book $14.8 A financial manual that shines light on the confusing world of points, interest rates, and credit scores defines how lenders work, how different kinds of loans are structured, and which loans are best suited to readers` needs. |
|
|
Mortgages for Dummies (Paperback) $11.43 Updated to reflect today`s hostile real-estate environment, a new edition of the accessible guide to mortgages provides the latest information on how to manage credit, subprime and adjustable-rate mortgages, Internet mortgages, reverse mortgages, how to calculate payments and costs, and much, much more. Original. |