It’s not very often that a borrower takes into heavy consideration what his loan to value is when shopping for a loan. In fact, if the subject is brought up by the customer, it’s mostly in relation to avoiding paying monthly mortgage insurance. But sometimes, a loan to value can affect even more aspects of your loan – like pricing and approval!
What is loan to value? Well, it’s exactly what it s Read Full Article
Category : Mortgage
I’m a commercial mortgage professional and I deal extensively in private (hard money) loans. One of the most frequent questions I am asked is "What loan amount can I get"? That’s not an easy question to answer because privately funded loans are much less standardized than conventional, institutionally funded loans so there are no hard-and-fast rules. But I speak to lenders and investors everyday and can off Read Full Article
