Lending and Mortgages to Finance Real Estate

If you practice real estate in a rural area, take a look at the USDA program that can get your buyer into a home with no down payment, and sometimes even no money out of pocket.

If you practice real estate in a rural area, take a look at the USDA program that can get your buyer into a home with no down payment, and sometimes even no money out of pocket.

Certain areas of the country have been designated as "high cost" areas for real estate prices and special mortgage loan limits have been set higher by Fannie Mae & Freddie Mac for these areas.

In certain situations, blanket real estate mortgages can be a viable financing tool. When the right conditions are present, and the buyers and sellers all understand their options, lenders can make beneficial blanket mortgage loans. Learn the criteria and the pros and cons.

Why use a blanket real estate mortgage? There are many reasons. Learn why they are used frequently in the commercial real estate market.

There are many legitimate reasons for using a blanket mortgage to purchase real estate. Buyers may be able to secure better terms with more security, and there are other reasons.

Blanket real estate mortgages have advantages for buyers in certain situations. Learn when they're not a good idea for a buyer.

A blanket real estate mortgage is a mortgage on multiple properties.

When working with your real estate buyer clients, you'll be referring them to a qualified mortgage professional. However, your ability to explain basic mortgage types such as fixed and adjustable rate will help them to consider their affordability options early in the process.

The mortgage loan process is a complex process and is very rarely without glitches. Determine how much your client can borrow. Pre-qualify your client-borrower for a loan. Complete the loan application process. Get the loan funded.

When providing a mortgage, a lender looks at many factors. One of these is the LTV ratio of the deal. While a home buyer getting a mortgage on his own personal home might be able to easily get a mortgage at an LTV of 85%, a real estate investor may not have the same luck. The risk involved and the lender's ability to get their investment out in case of foreclosure are determining factors in the LTV that will be allowed.

Not only are people all different, their professions and financial situations are different also. Real estate purchase borrowers are grouped by lenders into profiles. The profile will determine the types of mortgages the lender will offer and the terms.

There are plenty of horror stories about short sales. But, there are also a lot of them being done. Let us know your experience with short sales, including recommendations to make them successful that worked for you.See submissions