31 03, 2017

Commercial vs. Residential Loans

By |2017-03-31T17:24:19-04:00March 31st, 2017|Categories: Business, Commercial, Hard Money Loans|Tags: , |0 Comments

  The differences between commercial hard money loans and residential hard money loans may seem cut-and-dry, but there are some big differences you need to understand because they'll impact which type of loan is right for you. Differences Between Residential and Commercial Hard Money Loans Residential mortgage loans are intended for properties that have one to four family units. Anything above that, or a property intended solely for business (not a dwelling), falls under a commercial loan. When you require a residential loan, your personal income, debt and ability to repay a loan are reviewed before you’re approved for a mortgage.

27 02, 2017

Commercial Loans vs. Residential Loans

By |2017-02-27T10:00:43-04:00February 27th, 2017|Categories: Business, Commercial|Tags: , , |0 Comments

The differences between commercial and residential loans may seem cut-and-dry, but they’re not always obvious. Determining which type of loan you require can be confusing at times, and being prepared before you speak with a lender may save you some time. Residential mortgage loans are intended for properties that have one to four family units. Anything above that, or a property intended solely for business (not a dwelling), falls under a commercial loan. When you require a residential loan, your personal income, debt and ability to repay a loan are reviewed before you’re approved for a mortgage. If you need