What are the application fees? Tax Ease structures our loan program to keep out-of-pocket expenses to a minimum. An affordable loan processing deposit covers expenses related to the processing of your loan application and the closing of your loan, and is due with your completed application. This fee is $250 for residential loans, and $1,000 for commercial loans. This covers our costs of property inspection, credit check, title review, property inspection and other expenses.Castle Commercial Mortgage Co. is a Private Money Lender. Some also call us a Hard Money Lender. Basically, we use Private Funds to make short-term real estate/real property loans.
Do you finance commercial property loans? Yes, we provide commercial loans for commercial properties. Call to speak with one of our loan consultants at . Finest Capital Ltd is a Registered Mortgage Broker, New York State Banking Department arranging 1 - 4 family residential and commercial mortgages through excellent 3rd party providers.A Mortgage Originator organises and negotiates funding for home owners and property investors (residential, commercial, industrial and retail) from a variety of funding sources.
What is the difference between My Island and Business at The Island? My Island is North Island Credit Union's website geared to individual members, with financial services and information geared to help you and your family?home mortgages, personal checking, savings, and loan accounts, managing personal finances, etc. Business at The Island is our website offering business loans, commercial property loans, analyzed checking, payroll management, and other services geared to help small-to-medium sized businesses.French purchase contracts automatically carry a condition suspensive relating to the availability of a mortgage offer to the intended buyer. This is required by Law 79-596 of 13 July 1979 known as the Loi Scrivener. This law applies to all credit for the purchase of a dwelling or premises to be used for the combination of a business and living accommodation. It does not apply to loans for the purchase of purely commercial or business property.
What are the other types of loans? Stated income/verified assets: Income is disclosed and the source of the income is verified, but the amount is not verified. Assets are verified, and must meet an adequacy standard such as, for example, 6 months of stated income and 2 months of expected monthly housing expense. Stated income/stated assets: Both income and assets are disclosed but not verified. However, the source of the borrower's income is verified.Castle Commercial Mortgage Co. is a Private Money Lender. Some also call us a Hard Money Lender.
What are some other financing options that may interest me? If for some reason you cannot be qualified for the VA Loan Program due to lack of entitlement, loan amount requirement, etc., we do offer other loan programs that may fit your needs. Please contact us. The National Mortgage Department's parent company bank does offer In House Financing. Jumbo loan programs that allow for larger loan sizes than what secondary market programs would allow for.Loans are priced based on delivery. A loan that will close in 10 days will be better priced than a loan that would close in 60 or 90 days, due to the uncertainty of interest rates. We can lock in your loan and guaranty it until closing based on commitments issued by some of the largest mortgage lenders in the country. We offer free loan locks up to 45 days! Please e-mail us or contact a loan officer to discuss rate locks in conjunction with your application.
What is a jumbo mortgage? Jumbo is a mortgage larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac, currently $400,000.Generally, the LCM Fund is financing residential property at less than 80% loan-to-value and commercial property at less than 65%. LCM underwrites all loans with as much rigor as required to determine collateral value, insurance, credit and title history.
Do you finance commercial property loans? Yes, we provide commercial loans for commercial properties. Call to speak with one of our loan consultants at . Finest Capital Ltd is a Registered Mortgage Broker, New York State Banking Department arranging 1 - 4 family residential and commercial mortgages through excellent 3rd party providers.A Mortgage Originator organises and negotiates funding for home owners and property investors (residential, commercial, industrial and retail) from a variety of funding sources.
What is the difference between My Island and Business at The Island? My Island is North Island Credit Union's website geared to individual members, with financial services and information geared to help you and your family?home mortgages, personal checking, savings, and loan accounts, managing personal finances, etc. Business at The Island is our website offering business loans, commercial property loans, analyzed checking, payroll management, and other services geared to help small-to-medium sized businesses.French purchase contracts automatically carry a condition suspensive relating to the availability of a mortgage offer to the intended buyer. This is required by Law 79-596 of 13 July 1979 known as the Loi Scrivener. This law applies to all credit for the purchase of a dwelling or premises to be used for the combination of a business and living accommodation. It does not apply to loans for the purchase of purely commercial or business property.
What are the other types of loans? Stated income/verified assets: Income is disclosed and the source of the income is verified, but the amount is not verified. Assets are verified, and must meet an adequacy standard such as, for example, 6 months of stated income and 2 months of expected monthly housing expense. Stated income/stated assets: Both income and assets are disclosed but not verified. However, the source of the borrower's income is verified.Castle Commercial Mortgage Co. is a Private Money Lender. Some also call us a Hard Money Lender.
What are some other financing options that may interest me? If for some reason you cannot be qualified for the VA Loan Program due to lack of entitlement, loan amount requirement, etc., we do offer other loan programs that may fit your needs. Please contact us. The National Mortgage Department's parent company bank does offer In House Financing. Jumbo loan programs that allow for larger loan sizes than what secondary market programs would allow for.Loans are priced based on delivery. A loan that will close in 10 days will be better priced than a loan that would close in 60 or 90 days, due to the uncertainty of interest rates. We can lock in your loan and guaranty it until closing based on commitments issued by some of the largest mortgage lenders in the country. We offer free loan locks up to 45 days! Please e-mail us or contact a loan officer to discuss rate locks in conjunction with your application.
What is a jumbo mortgage? Jumbo is a mortgage larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac, currently $400,000.Generally, the LCM Fund is financing residential property at less than 80% loan-to-value and commercial property at less than 65%. LCM underwrites all loans with as much rigor as required to determine collateral value, insurance, credit and title history.
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