Why is Understanding Commercial Mortgage Rates Important

When it comes to securing funding for your company, you might feel overwhelmed by all of your options. While expanding your company is exciting and rewarding, it’s important to evaluate your financial options to make sure you maintain a sustainable business model. One of the most common ways business owners fund these expansions is by securing commercial mortgages. Keep reading to find out why understanding commercial mortgage rates is important, learn how they’re calculated, and determine whether securing one is the right option for you.

Continue reading “Why is Understanding Commercial Mortgage Rates Important”

Cross Collateral Bridge Loan

Purchasing a new home can be an exciting but stressful time in your life. It provides an opportunity for a fresh start, but there are plenty of fine details to figure out along the way. For example, it’s important to select the right type of funding so you can purchase your home quickly and encounter no issues. The decision about when to sell your current home and buy the new one may affect the right type of loan for you. Learning about cross collateralization, bridge loans, and cross-collateral bridge loans can help you make the right decision.

Continue reading “Cross Collateral Bridge Loan”

Wineries and Breweries To Visit Near Boca Raton, FL

Visiting wineries and breweries can be a great getaway, whether you’re out with friends or your significant other. You can learn all about different types of wine or beer, enjoy the laid-back atmosphere, and even take a tour of the property. The beautiful beach community of Boca Raton has plenty of excellent wineries and breweries, no matter what your taste is. Here are some of the best local wineries and breweries in the area. 

Continue reading “Wineries and Breweries To Visit Near Boca Raton, FL”

Rent or Buy? Buying One’s First Home May Be Cheaper Than Renting in Some Cities

There is no shortage of reports and news items mentioning several cities in the US where it is cheaper to buy a starter home than to rent; conversely, there are also cities where it is still considerably cheaper to rent than to buy. Some of the statistics are persuasive, due to massive rent increases in some areas over the last two years, particularly for smaller apartments. From a range of reports and news items dealing with this issue, a consensus indicates the following:

Continue reading “Rent or Buy? Buying One’s First Home May Be Cheaper Than Renting in Some Cities”

What happens if you default on a hard money loan?

Hard money loans tend to be significantly more expensive than a traditional loan, often with interest rates in the range of 12% to 20% with relatively high upfront costs. In addition, the owner is usually a private individual with substantial wealth and requires collateral in the form of real estate. Hard money loans aren’t all bad as they can be a way for someone who cannot obtain traditional financing to have the means to purchase real estate.

Continue reading “What happens if you default on a hard money loan?”