Want to Know if You Are Eligible to Rent Property? Underwriting is Used to Determine Your Eligibility

Underwriting is the method that is utilized to evaluate the current eligibility of a customer to receive some type of financial product. A wide array of products in which underwriting is often used include a number of financial devices such as:

• Insurance Coverage
• Mortgages for Home and Business Property
• Venture Project Financing
• Line of Credit

In going through this process of evaluation, the financial entity will determine if the transaction has a good chance of ultimately yield a profit in return for the financial assistance.
RDS Real Estate, and its commercial property management team, would love for everyone to qualify so that they can take full advantage of all the wonderful properties we have to offer.
The United States Department of Veteran Affairs allows eligible American veterans, or their surviving spouses, to qualify for a V.A. Loan, which can be a great opportunity to start up a business. A V.A. Loan can help simplify the underwriting process tremendously and get you on your way to that illustrious entrepreneur’s club!

Insurance Underwriting is Typically the First Introduction for Most People to the Underwriting Process

16 years old, fresh new driver’s license, brand new red sports car, and most likely an insurance rate that could bail out AIG. It’s obvious that young drivers are going to be more of a risk on the road, and therefore are susceptible to higher insurance rates. Your rate was determined by the insurance underwriting process, which in the simplest terms, simply means the risk selection process.
Mortgage underwriting is quite similar to what you experienced when you were a teenager, but now that you are an adult, a lot more accountability is placed in your hands. Instead of looking simply at your age, companies take a look at your “Four C’s” which are:

• Capacity – refers to the adequacy of the borrower’s income to pay the interest and principal due on the loan, plus property taxes and homeowners insurance.
• Character – refers to the borrower’s track record of paying debts as evidenced by his or her credit history and credit score.
• Capital – refers to the borrower’s down payment (or equity) as a percentage of the current value of the property.
• Collateral – refers to the safety and soundness of the property and the value of the property as determined by an appraisal relative to the agreed-upon purchase price.

Mortgage Approval Can Be Easy If You Are Prepared

If you are strong on all “Four C’s” mortgage approval will often come easy and the mortgage origination process which involves:

• All the necessary legal papers
• The marketing of the mortgage to consumers
• The qualifying of the buyer
• The processing of the mortgage and the placement of the mortgage on the lender’s books.

will run smoothly and efficiently. RDS Real Estate loves smoothness and efficiency, and if you have any questions or queries about the leasing process or any one of our properties, feel free to contact us at (817) 439-3224.

Our Professional Lease Management Team Lives Their Dream By Helping Follow Theirs

RDS Real Estate’s lease management team would love for everyone to live the American Dream, and operating a business from one of our properties can get you on a hot pursuit. RDS is proud and honored to provide properties throughout North Texas, and we are privileged to serve the following communities:

• Dallas
• Fort Worth
• Arlington
• Mansfield
• Burleson
• Saginaw
• Kennedale
• Blue Mound
• Haslet

Once you have reached a property management agreement, or a property management contract, you are on your way to finally being your own boss, and at least having the ability to set your own schedule, which for many is a dream come true.
Remember that a V.A. Loan could be a great opportunity to help facilitate the underwriting process and allow mortgage approval to run easily. Our lease management team understands that underwriting can often be discouraging and arduous, but most everyone survived insurance underwriting as a teenager, and now think of just how far you have come since then.