Commercial 2nd Qualifying “QUIZ”

Take the "QUIZ".  Answers yes to the following questions and you should have no problem being approved and closing your loan. 

    1.     Have you owned subject property at least one year?

2. For owner occupant (meaning you own and operate your business out of your building) have you been in business at least 2 years?
3. Do you have a minimum credit score of 700?
4. Does the property meet the eligibility guidelines?  Is your property Office, Retail, Warehouse, Mixed Use, or Multifamily?
   
   Will lend on these special purpose properties, but max combined loan to value is 60%, including:  Assisted Living, Auto Repair, Daycare or Preschool, Gas Stations Less than 10 Years Old, Health Clubs or Gyms, Mini Marts, Nurseries, Self Storage, Restaurants, Theaters.
5. You have NOT filed for bankruptcy or foreclosure? 
6. Is the subject property worth LESS than $3,000,000? 
7. Do you meet the loan to value requirements?  Max combined loan to value is 75% for loans under $250,000. Max combined loan to value for loans between $250,000 -$500,000 is 70%.
   
   For example, in the below example, you would be eligible for a $500,000 fixed rate second.  

$2,000,000 Property Value

$900,000 Current balance on your existing loan.
+$500,000 Line of credit.
$1,400,000 Combined Loan Amount or 70% Combined Loan to Value 

That's essentially it.  If you answered yes to these questions you “passed” and should be eligible for either a commercial fixed rate second or commercial equity line. 

Call now at 248 885-8797 or click here to get started now. Take 5 minutes to fill out the form and we should be able to provide you with your approval, complete with full terms disclosure within 72 hours.  Get it done now.

Check Out Our New Book! How to Read Tax Returns and Close More Loans

---

:: How To Read Tax Returns - Book :: Commercial Broker Fee Agreement :: Commercial Second Mortgage :: Commercial Equity Line of Credit :: Commercial Equity Loan, Benefits :: Commercia Mortgage Rates :: APPLY NOW :: Commercial Equity Loan Uses :: Commercial Mortgage Refinance :: Commercial Cash Out Refinance :: Commercial Rehab Loans :: Commercial Refinance FAQ's :: QUALIFYING QUIZ :: Eligible Building Types :: Commercial Second Loan FAQ's :: Commercial Loan Calculator :: Contact Us ::

CLICK HERE FOR PROOF OF NO 3RD PARTY OR UPFRONT FEES - SEE ACTUAL APPROVAL LETTER.

An Equal Opportunity Company. Equal Housing Opportunity.
All rights reserved.

© 2008 Myers Internet, Inc. All Rights Reserved

Powered by: Myers Internet, Inc. | Admin Login