Investment Property Loans
Reading Time: 3 minutesInvestment property loans are used for the purchase of non-primary residences with the intent of earning a return on the investment.
Hotel and Motel Loans
Reading Time: 2 minutesA hotel or motel loan is a type of commercial mortgage that liens a specific classification of hospitality property.
Golf Course Loans
Reading Time: 2 minutesA commercial golf course loan is a mortgage that finances a golf course. Golf courses are categorized as a type of entertainment/recreational property under the commercial umbrella.
Gas Station Loans
Reading Time: 2 minutesGas stations are a type of retail property that resides under the larger umbrella of commercial properties. Lenders offer gas station loans for purchase, refinance and refinance with cash-out.
Foreign National and ITIN Mortgages
Reading Time: < 1 minuteITIN and DACA recipients are able to obtain a variety of nonqualified mortgages through private lenders that will either service the loans in their own portfolio or sell them on the secondary market.
Fix and Flip Loans
Reading Time: 2 minutesThe term “fix and flip loans” refers to financing given to a buyer renovating a distressed residence with the purpose of selling it.
October jobs report surprises again, but signs of weakening creep in
Reading Time: 2 minutesEven with the labor market slowing, nonfarm job growth beat expectations in October, according to th… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
First Lien HELOC
Reading Time: < 1 minuteA HELOC can be a first-lien loan if the property owner uses it to pay off an existing mortgage or if they already own the home outright.
Notable mortgage industry hires and promotions, Oct. 31-Nov. 4
Reading Time: 2 minutesWells Fargo announced that Kristy Fercho, head of its home lending division, was named as the c… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Farm Loans
Reading Time: 3 minutesFarm loans are a specific type of agricultural loan that resides under the commercial property category because farms produce income.
