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Wharton properties #wharton #properties


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Post or wall mounted luminaire. Die-cast aluminum body. Tempered safety glass with silk-screen masking secured into a die-cast aluminium frame. Anti-aging silicone gasket. Outreach arms in die-cast aluminium painted finish. Die-cast aluminium pole fixing clamps. Aluminum support rod painted to match fixture finish. Stainless steel external hardware and components. Systempark Square 400 LED complete with M20 water proof cable Integral tranformer/driver developed to optimize the power supply and lumen output of the LED’s.

Dynamic colour made easyEasyl is a DMX512-A compatible show controller for RGB luminaire control. Featuring 12 built-in shows and a powerfully simple user interface, Easyl creates static color, color change and rainbow lighting effects.

Features: Spun aluminum fixture housing. – Bottom diffuser is virgin white acrylic, UV stable and UL-94 HB flame rated. – OCL metal finishes are applied by hand and receive a protective, clear coat lacquer. – 24 standard powder coat paints offered, however all RAL colors available. – Utilizes highly efficient, long lasting and low mercury T5 or T5HO lamps for minimal fixture maintenance and lamp disposal.

The I-BEAM® family has expanded in an exciting new direction with the addition of our most competitively priced LED bay light. Fitted with a dimming driver and diffuser standard, the Contractor Select IBH general-purpose LED bay light is suited for light industrial and commercial applications. Enjoy the benefits of LED lighting while saving energy and maintenance costs compared to using traditional sources. Plus, occupancy sensors and photo sensors work better with the instant-on properties of LED technology.

– Crescent-shaped diffuser has a smooth, concave design to reflect a soft glow upward from fixture body. Suspension system features minimal ceiling fittings.- Uses highly efficient, long-lasting, low mercury T5, T5HO or T8 lamps for minimal fixture maintenance and lamp disposal. Extruded diffuser is virgin white acrylic, UV stable and UL-94 HB flame rated.- Body profile is heavy wall aluminum extrusion, helps to thermally manage the internal electronics.

The clean lines of the series RMS of commercial steel signs present a fully modern appearance. The steel provides for a rigid, durable and lightweight sign. Available in AC only, AC/DC and internally Self-Powered versions

Running Man Exit Signs Soon to be the New Code

As of January 1st, 2014, Ontario is adopting the National Building Code (2010) and part of this code is the adoption of Running Man exit signs.

The new sign will apply to all new buildings and existing buildings less than 5 years, where exit signs are required due to construction.

Please feel free to contact us with any questions you have regarding these changes.


Hard Money Loans secured by Real Estate for Homes, Apartment, Mixed Use Properties in California. #compare #home #loan #rates


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Q: When are private investor / hard money loans used?

A:The most common situations that a person will require a private investor / hard money loan is as follows: Recent Bankruptcy. Balloon payment on existing loan is due now. Cannot verify income, tax returns, bank statements, etc. Need emergency cash quickly. Odd or non-conforming types of properties, such as mixed use, multiple units, apartments, land, etc.

Q: Why would a person invest in a hard money loan?

A: Most private investors understand the real estate market, real estate loans and mortgages and are looking for a safe and secure investment with a return better than what they will receive from the bank. Since this types of mortgages are secured by a property with normally 30%- 50% equity, the investor is well protected and receives the benefit of the higher interest rate return.

Q: Are most private investors / hard money lenders trying to foreclose on your home to get the property?

A: No. Private investors / hard money lenders simply want a good return on their investment but they will protect themselves from losing the investment by using the equity in the property. This is a common misconception, private investors / hard money lenders just want the payments made on time but if the borrower is having difficulty they will insure that it will not be a long term problem.

Q: Do I need to provide all my documentation regarding income, bills, etc?

A: This is dependent from investor to investor but typically you will only need to provide minimum documentation to obtain the loan. Also these types of loans are a true no income qualifier loan because you do not need to sign a 4506 or 8821 form.

Q: What if I am a home buyer with damaged or poor credit with a low FICO score?

A: These types of loan are usually used by individuals with past, recent, or current credit issues to rebuild their credit and eventually refinance to a more traditional type loan. FICO scores are no reviewed or required for this type of loan. Get your free credit report here.

Q: As a Mortgage Broker / Banker, can I obtain a private investor loan for my borrower and still receive a commission?

A: Yes, in fact, most loans funded by private investors where originally originated and packaged by a mortgage broker or banker who earned a commission from a loan that they could not previously close with traditional wholesale lenders and investors.

Thank you for visiting.

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Hard Money Loans secured by Real Estate for Homes, Apartment, Mixed Use Properties in California. #student #loan #consolidation


#hard money loan
#

Q: When are private investor / hard money loans used?

A:The most common situations that a person will require a private investor / hard money loan is as follows: Recent Bankruptcy. Balloon payment on existing loan is due now. Cannot verify income, tax returns, bank statements, etc. Need emergency cash quickly. Odd or non-conforming types of properties, such as mixed use, multiple units, apartments, land, etc.

Q: Why would a person invest in a hard money loan?

A: Most private investors understand the real estate market, real estate loans and mortgages and are looking for a safe and secure investment with a return better than what they will receive from the bank. Since this types of mortgages are secured by a property with normally 30%- 50% equity, the investor is well protected and receives the benefit of the higher interest rate return.

Q: Are most private investors / hard money lenders trying to foreclose on your home to get the property?

A: No. Private investors / hard money lenders simply want a good return on their investment but they will protect themselves from losing the investment by using the equity in the property. This is a common misconception, private investors / hard money lenders just want the payments made on time but if the borrower is having difficulty they will insure that it will not be a long term problem.

Q: Do I need to provide all my documentation regarding income, bills, etc?

A: This is dependent from investor to investor but typically you will only need to provide minimum documentation to obtain the loan. Also these types of loans are a true no income qualifier loan because you do not need to sign a 4506 or 8821 form.

Q: What if I am a home buyer with damaged or poor credit with a low FICO score?

A: These types of loan are usually used by individuals with past, recent, or current credit issues to rebuild their credit and eventually refinance to a more traditional type loan. FICO scores are no reviewed or required for this type of loan. Get your free credit report here.

Q: As a Mortgage Broker / Banker, can I obtain a private investor loan for my borrower and still receive a commission?

A: Yes, in fact, most loans funded by private investors where originally originated and packaged by a mortgage broker or banker who earned a commission from a loan that they could not previously close with traditional wholesale lenders and investors.

Thank you for visiting.

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How to Get Financing for Rental Properties #pay #advance #loans


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How to Get Financing for Rental Properties

These days, many people hear in the news that it s a good time to buy rental property and so they’ve [ ]

These days, many people hear in the news that it s a good time to buy rental property and so they’ve decided that they would like to get started in the property rental business. (a.k.a. being a landlord).

But, in order to get into the rental property investment business. how do you obtain mortgage financing to purchase your first rental property? It s true that it has become a lot harder to get financing these days; but for people with decent credit and sufficient income there is still plenty of money available to borrow. For terminology purposes, when you borrow for a rental property, it is called non-owner occupant (NOO) financing. Let’s run through some financing issues, items and suggestions that may help you.

Buy As an Owner Occupant (OO)

The best way to get into the landlord business is to buy a home that makes sense as a rental property, but you buy it as a personal residence, and live there for the required twelve months that an OO loan requires a borrower to do. As an owner occupant, you get the best financing terms and you may be able to put down as little as 3.5% with FHA financing. The loan stays in place with the original terms when you move out and make it a rental. It’s the best way to go!

Other reasons this makes sense:

  • You move into the property and learn the property specifics, issues, kinks, etc. and have them fixed before you move out and make it a rental property.
  • You also do any renovations and upgrades you need and you are not making two housing payments, like someone would do if they bought a property and were simply rehabbing it to rent it out.
  • Lastly, you are more selective and only buy properties that you are willing to live in, and that’s a smart way to go for investors; don’t buy properties that you wouldn’t live in.

Then, after 12, 24 or 36 months, buy your next owner-occupant property and rent out the original one. Then repeat, and repeat, and repeat again once every one to three years.

Buy as a Straight Rental Property

Let’s say you just want to buy it as a straight rental property. First up, you need a 20-25% down payment for most lenders (Fannie Mae and/or Freddie Mac may have some 10% investor properties, so check those out too). And that 20-25%, plus closing costs and renovation costs, might add up to 30% – 35% cash upfront to close escrow and get a property rental ready. So, for a $120,000 property, that could easily be $40,000 cash needed. That owner-occupied 3.5% FHA loan sounds pretty good right now, huh?

As noted above, you also need to have good credit and qualify for a bank s financing for an investment property. One nice thing about rental properties is that the bank may include some estimated net rental income from the property to help your debt-to-income ratios, especially if you buy something with a tenant already in place. Discuss this with your lender.

Speaking of tenants already in place, there are some significant advantages therein too! For example:

  • You get the security deposit from the seller at closing and some pro-rated rent
  • You probably collect the first month’s rent a month before your first mortgage payment is due
  • There is no vacancy, so you don t need to find a tenant, and
  • You probably won’t have to rehab the property until they leave.

The negative could be a lower than market rental rate or a tenant who pays late, doesn’t pay, or doesn’t take care of the property. But they could be a great tenants, too! Once in escrow, do a little looking around the apartment and talk to the tenant to make a determination if you want to keep them or terminate their lease when it ends. Convey this to the listing agent so that agent can alert the tenants either way.

Rates, Costs, Fees on Investment Properties

The costs of doing any mortgage loan these days are much higher than they used to be just a few years ago. And non-owner occupant (NOO) investment properties are even higher. Small dollar loans, like under $100,000, have very high fees as a percentage of the loan amount. Possibly up to 5% when you add in the loan origination points, fees, appraisal, underwriting, title insurance, escrow costs, etc. But the present rates are really very competitive and you can get NOO financing at 4.5% on a 30-year amortizing loan these days. And that is dirt cheap, locking in a 30-year low interest rate loan on a rental property.

Where Can You Find Loans?

Right when you start you should meet with two to three lenders and see what NOO loan programs they have for what you plan to buy. Try a bank or two, plus a mortgage broker or correspondent lender, and an online lender. Different lenders have different programs and a bank may reject you but a mortgage broker might have a program that works for your situation, so check around. Loan costs and rates will also vary, so get a couple of estimates and compare them to find the best deal .

How many properties can you buy? If you have the credit score (estimate your credit score ), and the debt to income ratios (which change with each property you buy), you can pretty easily finance up to four properties. Once you go over four and up to ten, the number of lenders who can finance you gets much lower, but they are still out there. The underwriting criteria also may get much tougher, but still possible. Once you go over ten loans, it’s really hard to find lenders who will finance and the loan costs, interest rates, and terms will be less appealing, but still relatively reasonable. Lenders who do over ten loans are called portfolio lenders.

In summary, this is a very good time to buy property, but you must educate yourself on rental property ownership, do your due diligence, and don’t think everything is going to be rosy and hassle-free, because real estate is hard work! Hopefully the hard work you do and issues you have to handle over the years will just be distant memories when you retire with a nice rental property income stream.

(Note: Many thanks to Robin Hill who contributed her guidance for this article. Robin is a San Diego-based mortgage lender for First Cal. She specializes in residential purchases and refinances for owner-occupied and non-owner occupied properties. She’s been in the mortgage business for the past 14 years).

Leonard Baron, MBA, CPA, is a San Diego State University Lecturer, a Zillow Blogger, the author of several books including “Real Estate Ownership, Investment and Due Diligence 101 – A Smarter Way to Buy Real Estate.” Read useful tips for real estate buyers in his blog, Making Smart and Safe Real Estate Decisions. See more at ProfessorBaron.com.

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.