Will banks lend to an LLC? How the commercial lending process, interest rates and costs differ from residential real estate loans. Q: Are there any lenders that will loan money to a limited liability company that wishes to put up free and unencumbered land as collateral at less than 50 percent loan to value? I [...]
It’s a common question: Should I borrow from my 401(k) to buy a house? With all that money sitting untouched in an account, it can be tempting to loan yourself some cash for a down payment on the home of your dreams—but is it a good idea? The answer depends on your circumstances, but there [...]
The 2008 mortgage crisis increased the numbers of foreclosures and short sales in the U.S. Lenders responded by tightening rules for new home loans. If you want to buy a home in 2009, what do you need to know before looking for your home and home loan? What can you do to make yourself a desirable mortgage borrower so that banks will issue you a home loan? Check out these New Year's resolutions for home buyers to improve your changes of getting a great home loan and the property you want.
