วันจันทร์ที่ 22 มีนาคม พ.ศ. 2553

For a First Time Buyer - Commercial Mortgage Tips!

For a First Time Buyer - Commercial Mortgage Tips!
By Vijay K Shetty

A mortgage loan may have certain hidden charges, beware of these. If you are a first time buyer it is advisable to go through a guidance manual which will help you understand the intricacies of a mortgage. It takes some time of yours to go through the manual and it is a must as you are pledging your valuable collateral against it.

You are considering a long duration loan, see if you want to stretch your loan period for long? Say about 15 to 25 years would be ideal for those who can't afford huge equated monthly instalment every month and would want to pay less but over a stretched period of time. If you have sold your shares and property and have a lot of cash all of a sudden, you can decide to pay your mortgage earlier than that period.

But, cross check with your bank what is the penalty you need to pay in case you pay back early. Just cross check with the rate of interest you would save by paying off early. If it is really lucrative, then you must try taking this wise decision.

It is advised that you read the fine print carefully so that there is no confusion. You must be aware of the options open to you. If it is for pub finance, you must be aware that there are pub brokers, bankers and brewery owners to help you out.

Getting your liquor supply and your loan from the brewery owner would be a good idea for your bars, pubs or night clubs. They may offer you discounts on liquor supply as well as your loan interest rate.

Article Source: http://EzineArticles.com/?expert=Vijay_K_Shetty

For a First Time Buyer - Commercial Mortgage Tips!

Mortgage Buyer Advice

Mortgage Buyer Advice
By Kristy Annely

The term mortgage buyer refers to people or a group of people that purchase mortgage notes from various lenders. The selling of a mortgage note is often a good solution for both the mortgage buyer and the lender.

Lenders choose to sell their mortgage for various reasons such as urgent cash requirement or simply relieving themselves of the stress of managing the mortgage related issues. Mortgage buyers are able to purchase the mortgage notes cheaply and intend to make a profit by selling the property at a higher rate.

Lenders can either sell the mortgage note in full or in part. This means if a lender requires money urgently, the mortgage can be sold for a specific period of time. For this period, a lender receives a lump sum amount in exchange of which the mortgage buyer is allowed to collect the payments from the debtor.

After the period is over, the lender can go back to collecting the usual periodic payments from the borrower. When the mortgage note is sold in full, the amount received is more than what the lender would have got on a partial sale.

A mortgage buyer generates the profit by paying a lower amount lower than the worth of the property and selling it at the same or higher price. In case of partial mortgage note purchase, the mortgage buyer pay the note holder an amount less than the total worth of the payments and collects the full payment from the debtor.

This again enables the mortgage buyer to earn a profit. If the debtor is paying regularly and honoring the contract, the mortgage buyer faces very little risk. However, if the debtor is a defaulter or is not able to abide by the contract due to any reason, the mortgage buyer is forced to accept the loss.

The rate at which the mortgage is being paid also determines the amount of profit the mortgage buyer will make. Fixed rate mortgage is less risky than variable rate, though in case of rise in interest rates, even variable rates will spell profits for the mortgage buyer.

Mortgage Buyers provides detailed information on Mortgage Buyers, First Time Mortgage Buyers, Home Mortgage Buyers, Mortgage Note Buyers and more. Mortgage Buyers is affiliated with Exclusive Internet Mortgage Leads [http://www.e-InternetMortgageLeads.com].

Article Source: http://EzineArticles.com/?expert=Kristy_Annely

Mortgage Buyer Advice

Mortgage Buyer Rates

Mortgage Buyer Rates
By Kristy Annely

Mortgage buyers offer mortgage note holders a lump sum amount in exchange for gain either partial or full control of their notes. The value of any note is decided by a number of factors namely the down payment made, interest rate applied, payment amount, and mortgage loan term. The credit rating and payment history on the mortgage are also given due consideration.

Other deciding factors also depend on the type, current condition, and appraised market value of the property. Mortgage buyer bears all the risk of the transaction and therefore, also set the rates.

Mortgage buyer rates are the determining factor in choosing the type of sale by the lender. The mortgage note can be sold either in part or in full. Full sale of the mortgage rate will generate more cash for the lender than a part sale. The mortgage buyer rates of a part mortgage note sale depends on the monthly payment that a mortgage buyer will get from the repayment schedule of the loan.

A mortgage buyer usually enables the lenders effective and immediate solutions to urgent cash needs. Part selling of the mortgage note especially allows lenders to use their mortgage notes much more effectively in generating further investments.

Mortgage buyers can purchase the right to collect payments from the lender's clients in exchange for a lump sum amount. However, this amount offered will less than the actual worth of the payments.

The mortgage buyer will now earn a profit by collecting the full regular payment from the borrower. The rate offered by the mortgage buyer will be based on the reliability of the borrower as well, which can be confirmed from the payment history.

Even though mortgage buyers usually hand out ready cash in exchange for the mortgage note, note holders must research several mortgage buyers before selling a note. This ensures that the mortgage note holders receive the best possible deal and do not get cheated out of their rightful asset.

It is possible to find a mortgage buyer that may be able to offer much more money than others, along with other benefits, such as absorbing all of the transaction costs.

Mortgage Buyers provides detailed information on Mortgage Buyers, First Time Mortgage Buyers, Home Mortgage Buyers, Mortgage Note Buyers and more. Mortgage Buyers is affiliated with Exclusive Internet Mortgage Leads [http://www.e-InternetMortgageLeads.com].

Article Source: http://EzineArticles.com/?expert=Kristy_Annely

Mortgage Buyer Rates

Mortgage Buyer Forums

Mortgage Buyer Forums
By Kristy Annely

Mortgage rates are always the driving factor while choosing any type of mortgage. The mortgage market has become so competitive that lenders are using all kinds of marketing strategies to lure consumers. Such aggressive marketing can at times become misleading, which may result in a wrong choice on the borrower's part. Such wrong choices often lead to a situation where borrowers are forced to default on their payments.

This puts a pressure on the lenders as well as a regular source of income dries up. On the other hand, there might be a situation where the borrowers are quite reliable and still the lender may require a lump sum urgently.

This is where mortgage buyer step in and offer to buy the mortgage notes from the lenders either in part or full. Because of so many different possibilities, borrowers and lenders, along with the mortgage buyers, have started to feel the need of an open space where they can discuss their problems and share their experiences.

Mortgage buyer forums are usually formed online where people with similar issues come together to form a group to exchange information. This is a great place for lenders who are planning to raise some cash against their mortgage notes.

They can gain immensely from the experience of other lenders and can even get direct advice from member mortgage buyers. Lenders who have had a bad experience through any mortgage buyer can share their experience with other prospective mortgage note sellers. This enables note holders to be on guard against such mortgage buyers.

There are some mortgage buyers who are also a part of these mortgage buyer forums. The advantage that mortgage buyers have from being on the forum is that they get proper understanding of the requirements of the note holders. Further, this also helps them promote their business and find out lenders who might be willing to selling to mortgage notes.

Mortgage Buyers provides detailed information on Mortgage Buyers, First Time Mortgage Buyers, Home Mortgage Buyers, Mortgage Note Buyers and more. Mortgage Buyers is affiliated with Exclusive Internet Mortgage Leads [http://www.e-InternetMortgageLeads.com].

Article Source: http://EzineArticles.com/?expert=Kristy_Annely

Mortgage Buyer Forums