When trying to receive approval for a commercial mortgage the lender will usually ask that a property appraisal must be performed. They will then contact a commercial appraiser who will come out to determine the market value of the property. Depending on how the appraisal goes your chances of approval can change dramatically. CM
Often, when properties are foreclosed you can find great deals on a home you otherwise couldn’t afford. Just look for a free foreclosure listing for your area that will lead you to these great properties. It may also be easier to finance a home loan for one of these than you thought possible. CM
If you’re looking for great properties for lease we invite you to speak with a leasing agent here at RDS Real Estate! We also have amazing leasing specials going on now so there’s no reason to wait? Contact RDS today and lease with confidence! CM
If you’ve found it hard to qualify for a home loan in the past you may want to look into properties that are foreclosed. Generally these properties are bank owned and the banks are eager to get rid of them and will approve loans they otherwise may not have. CM
How much do you know about your loan rates? Don’t get swamped by your loans interest rates. A little homework on mortgage financing never hurt anyone. CM