WHAT IS A MORTGAGE ORIGINATOR? A Mortgage Originator organises and negotiates funding for home owners and property investors (residential, commercial, industrial and retail) from a variety of funding sources. Settlers Home Loans Pty Ltd is such a mortgage originator. Mortgage Originators act to introduce a borrower to the lender that in the originator’s opinion offers the best product for the specific needs of the borrower.We offer commercial loans internationally.

Will I be safe? Bank financing is similar to that found in other countries. However banks will only finance up to about 60% of their appraised value of the property and there are restrictions if the property is your home, a rental or commercial. The down side to bank financing are the interest rates. Current interest rates on real estate loans are very high, 20% to 25% per year. Sometimes banks overstate the value of the real estate, allowing for possibly more than 60% loan financing.My Island is North Island Credit Union’s website geared to individual members, with financial services and information geared to help you and your family?home mortgages, personal checking, savings, and loan accounts, managing personal finances, etc.

Do Brokers only do Residential Mortgage? Brokers can place all types of loans provided they are backed by mortgage collateral. All sizes of loans, from small loans backed by a residential property to commercial properties in the millions of dollars, are readily available. Mortgage-backed loans in the millions are not uncommon with private pension funds and private lenders.

For which kinds of property can I get loans (mobile homes,commercial,etc.)? You can get loans on mobile homes, commercial properties – mixed use (residential/commercial), farms, grocery stores, repair shops, rental properties (commercial rental properties with any number of units, residential rental property with no more than 6 units), etc.Tax Ease structures our loan program to keep out-of-pocket expenses to a minimum. An affordable loan processing deposit covers expenses related to the processing of your loan application and the closing of your loan, and is due with your completed application. This fee is $250 for residential loans, and $1,000 for commercial loans.

Will I be required to buy Environmental Insurance? Environmental Insurance is, unfortunately, a requirement for most commercial loans. However, the insurance cost should be minimal if your property is not known for environmental hazards. For example, an office complex would have a much lower premium for environmental insurance than a gas station.You can get loans on mobile homes, commercial properties – mixed use (residential/commercial), farms, grocery stores, repair shops, rental properties (commercial rental properties with any number of units, residential rental property with no more than 6 units), etc.Generally, the LCM Fund is financing residential property at less than 80% loan-to-value and commercial property at less than 65%.

What is a “”Life Settlement? Answer: A life settlement provides life insurance policy holders with an option when premiums are too costly or policy’s are no longer needed. It’s for policy holders who are facing a serious illness at any age or who are age 70 and above with any type of health. A life settlement is an awesome financial tool because instead of selling a life policy to an insurance company for pennies of the dollar, or letting a policy lapse, 1st Choice Funding’s financial solution provides much more.Castle Commercial Mortgage Co. is a Private Money Lender. Some also call us a Hard Money Lender.