Beware of "Business Purpose": Regulatory Implications of Investment and Business-Purpose Mortgage Loans – Although the regulatory compliance landscape is well-defined for mortgage lenders making loans to consumers. A special rule exists for non-owner-occupied rental property. Namely, a loan to acquire,
Non-Owner Occupied Mortgage | Blue Water Mortgage – If you are looking to purchase an investment property, or a property you may not otherwise be personally living in, Blue Water Mortgage can help. Requirements for non-owner occupied properties are more stringent than owner-occupied properties because they are considered to have a higher risk of default by lenders. Our experience and financial expertise can help you navigate these tricky loans and get the best rate possible. Talk to a broker today to learn more.
RSA Funding Offers Stated Income Commercial Mortgage Loans, an Alternative for Borrowers Turned Down by Banks – Most commercial property types qualify (along with residential 1-4 family non-owner occupied properties. RSA Funding is a nationwide commercial mortgage broker specializing in placing commercial.
Stated Income Mortgages: what happened to them. – Once a popular home loan option among self-employed borrowers, stated income mortgages went away in 2010 after the Dodd-Frank Act. Read more about what made stated income loans attractive, and what alternatives self-employed borrowers have now when getting a mortgage.
Vancouver Mortgage Brokers and Agents – RateHub.ca – Vancouver Mortgage Brokers and Agents. To secure the best mortgage rates in Vancouver, contact a mortgage broker or agent in your area. Using a local broker gives you the ability to meet in-person to discuss your needs and concerns and gives you access to the best mortgage rates offered by banks and lenders across Canada.
Wilshire Quinn Provides $2 Million Cash-Out Refinance Loan in Modesto, California – In addition to office and industrial properties, Wilshire Quinn provides bridge loans on a wide variety of property types including retail, hotel loans, mixed-use, multi-family and non-owner occupied.
1-4 Family Non-Owner Occupied Mortgage – Somerset FCU – 1-4 Family Non-Owner Occupied Mortgage. If you are interested in buying a rental property or looking to tap into the equity in your current rental property, our 1-4 Family Non-Owner Occupied Mortgage is the lending solution you need!
Q4 Mortgage Loan Quality Remains High, but Higher Interest Rates Could Increase Fraud Risk – Mortgage loans originated in the fourth quarter of 2016. including no documentation); occupancy (owner-occupied primary residence, second home or non-owner-occupied investment); and property type.
Non-owner occupied renovation loans – MortgageDepot.com – Non-owner occupied renovation loans One of the most innovative loans on the market for real estate investors is the non-owner occupied renovation loan. This mortgage allows an investor to borrow the money to purchase a property that’s in need of renovations and also to borrow money to do the renovations, and then roll it all into one mortgage.