Applying for a commercial mortgage shouldn’t take all day. Unfortunately, it can often feel that way for borrowers, especially when they aren’t sure what they need to fill out in terms of commercial mortgage documetns, and how much documentation a lender requires. The 3 Commercial Mortgage Documents You Need Commercial Direct is here to simplify […]
Commercial Mortgage Insight Blog
How to Lower Your Monthly Commercial Mortgage Payment
Strategy. This could be the key in getting the lowest rate possible on your next commercial mortgage. You will need to be smart and you will need to plan. So gather some of these tips and your trusty mortgage calculator and start strategizing now 1. Rate Buydowns One of the best ways to lock in […]
The Value of Customization for Small Commercial Properties
Small business owners, investors of small commercial properties, and other types of entrepreneurs and self-employed professionals all have one thing in common: they see customization as a way of life. Think about it – while others seek stability and structure in their careers, these men and women choose to make their own way. They set […]
Reduced Documentation Solutions: Commercial Direct Silver Program
Commercial borrowers have specific needs that must be correctly identified and matched to the right mortgage program. Some of these needs are easier to address than others. Many borrowers, including different types of self-employed professionals and entrepreneurs, struggle to provide tax returns that accurately reflect their income. Unfortunately, most traditional lenders require this information, leaving […]
Fees to Expect When Financing Your Commercial Loan
Don’t let lender fees catch you off guard. Know exactly what fees will be due before underwriting takes place and at closing. Upfront Fees Some of the fees incurred are upfront fees which are due prior to the lender commencing underwriting. The initial deposit can range from $500 – $25,000 depending on the loan size, […]
Commercial vs. Residential Mortgages
Commercial vs. Residential Mortgages: 4 Differences You Should Know for Easy Closings You’ve heard the term “Knowledge is Power?” If you are new to commercial mortgages, you’ll find that a little knowledge about the process (and how it varies from the residential mortgage process) will be very helpful for you to have a positive experience […]
