i was told that banks look at rent income vs expenses? someone else said credit, another said amount of Down payment. Can you please inform me how banks qualify people? Please let me know. Thanks a lot.
Archive for November, 2009
Nov
22
What is the minimum information required in order to safely provide commercial loans overseas, patriot act etc?
What obligations do receiving banks have when confirming KYC and such other central bank obligations prior to recieving loan funds on behalf of a bank client
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Nov
22
Any No Doc, Stated Income Commercial loans out there?
Looking to purchase land, and build income property, warehouses, and need to do it without income verification AND little to zreo down payment…
I have decent credit, 745, and currently own 2 houses, one as my primary residence and another as income property…
Any loans/lenders who can supply 100% financing with a no doc or stated income loan for commercial property? Loan amount will be $900,000
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Nov
22
Does anyone know of a lender who will provide commercial loans to someone who filed bankruptcy?
I filed for bankruptcy two and a half years ago after getting divorced. I am now trying to buy an existing bar/grill. All the lenders I spoke to will not loan to me till after my bankruptcy is off my credit report(another 7 1/2 years), even though my credit score is average, I have money down, collateral, cosigner and would have equity in the business property.
Does anyone know somewhere that would consider giving me funding???
Does anyone know somewhere that would consider giving me funding???
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Nov
22
Can you take segmentary commercial loans from a bank?
Like take a small loan(let’s say $100-200) for starting the business very first stuff, and then take another loan after few months (of about $1,000-5,000) to buy the rest.
P.S. for a starting small business.
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Nov
22
If the commercial banking system actually loans the maximum amount it is able to lend?
If the commercial banking system actually loans the maximum amount it is able to lend:
A. reserves and deposits equal to that amount will be gained.
B. excess reserves will be $2.6 billion.
C. excess reserves will fall to $1.7 billion.
D. excess reserves will be reduced to zero
A. reserves and deposits equal to that amount will be gained.
B. excess reserves will be $2.6 billion.
C. excess reserves will fall to $1.7 billion.
D. excess reserves will be reduced to zero
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Nov
21
I am a loan broker and want to add commercial lenders to my portfolio and sell commercial loans. Any lenders?
I want to offer commercial loans. I am runnimg into lenders that do the loans themselves. We want to send in broker packages to them and sell their loans. Moreover, we would like to find lenders that offer interest only loans.. Thanks
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Nov
21
What day of the month is interest applied to a mortgage loan?
**k** asked:
Is there a certain day that banks add interest to mortgage loans? I am currently have a mortgage loan with Chase Bank.
Is there a certain day that banks add interest to mortgage loans? I am currently have a mortgage loan with Chase Bank.
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Nov
21
I need to get some information on commercial loans from a professional point of view(looking for work)?
Just info from people who work in the industry as processers or underwriters or supervisors in these fields. What are you looking for in a candidate to know about when applying for a job.
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Nov
21
How many point do lenders pay on commercial real estate loans?
I’m considering getting into commercial real estate loan brokering and I would like to find out how many point lenders usually pay on these types of loans. I know the amount can vary, but I’m looking fo a range so I can calculate my possible commission. For argument’s sake let’s say an average loan amount would be $2.5 million. But, any info on how the system works on loans larger or smaller than that would be helpful also. Thanks.
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