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Mortgage & Refinancing Information |
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Understanding a UK Commercial Mortgage
In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose. When you use a commercial mortgage to buy property, or to raise funds for any other business purpose, the lender retains an interest in that property until the loan has been paid in full. Unlike other types of business loans, which usually have a relatively short repayment period, you can take out a loan for as long as 30 years if you like. The lender receives repayment of the commercial mortgage principal and interest over the lifetime of the loan. If you default on the loan and go into arrears then the lender can foreclose and take possession of the property that was used as collateral. Generally speaking, the interest on a commercial mortgage is tax deductible and the net proceeds of the loan are not considered to be taxable income. However, you should always check with your accountant to be sure because the tax consequences can be severe should it be determined that your usage of the funds was not for a qualified business purpose. Should you be seeking a commercial mortgage for the purposes of operating your business, rather than actually buying property, then the lender will either want to re-finance your current mortgage, and include enough money to provide the amount that you are seeking, or they may arrange an equity line where they lend you the difference between the current value of your commercial property and the amount that you owe on the current mortgage. There are generally two types of interest schemes available when you are applying for a commercial mortgage. The fixed rate commercial mortgage establishes an interest rate that is in place either for the life of the loan or for a fixed period of time. If it is for a fixed period of time then it will normally convert over to the second type of rate, which is called a variable interest rate, after the fixed time period expires. In some cases your lender may add a Early Redemption Charge (ERC) clause to your commercial mortgage contract which states that if you pay off the note prior to the end of the fixed rate period then the lender is entitled to a one-time lump fee to offset their loss of expected income. In some cases this ERC may extend to longer periods possibly up to the entire term of the loan. Be very sure to read your loan contract carefully to make sure that you understand the implications of the ERC if it is present. With competition from lenders heating up you'll find that many of them are dropping ERC clauses all together. If there is one present in your loan contract you may be able to negotiate it away with little effort. It's worth trying in any case and you can always apply somewhere else if your lender is not willing to negotiate. In the case of a variable interest rate commercial mortgage the rate is based upon those issued by Bank of England. The lender will usually state that the rate consists of the published rate, which will likely vary up and down over the life of the loan, plus some pre-determined premium that remains the same for the life of the loan. Be sure that you understand how frequently your rate will change and that you are comfortable with the amount that the lender is charging as a premium. As with any terms of your loan you can negotiate both of these factors. A fixed rate commercial mortgage is a good choice when you feel that interest rates are headed up sharply and you want to lock in the current rates. On the other hand, if interest rates are in flux, and economic indicators point to a downtrend, then a variable rate may be your best choice. Keep this strategy in mind during the lifetime of your commercial mortgage. If you are locked into a fixed rate, and interest rates have dropped significantly below what you are paying, you should consider applying for a re-mortgage and selecting a variable interest rate to take advantage of the lower rates. On the other hand, if you are in a variable, and all indicators are that interest rates will be skyrocketing soon, then look to move into a fixed rate so you can protect yourself against future increases. ============================================================== Commercial Lifeline are Commercial Mortgage andBridging Finance specialists. You can download our free Commercial Mortgage guidesby visiting our Commercial Mortgage Guide page. This article comes with reprint rights. Feel freeto reprint and distribute as you like. All that weask is that you do not make any changes, that thisresource text is include, and that the links aboveare intact.
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Refinance rates slide for Tuesday Bankrate.com Multiple closely watched refinance rates receded today. If you're in the market for a home loan, see what that means for you. Answers to 9 of the Most Googled Mortgage Questions NerdWallet Mortgage questions? We've got answers to help boost your confidence when exploring your options, choosing mortgage lenders and managing your home ... Refinance mortgage rates mixed for Thursday Bankrate.com Multiple benchmark refinance rates were flat today. If you're in the market for a mortgage, see how your payments might be affected. How to Remove PMI From Your Loan WTOP How to Remove PMI From Your Loan on WTOP | Conventional wisdom states that when buying a house, the responsible thing to do is to make a good down ... Refinance mortgage rate advances for Tuesday Bankrate.com Refinance rates were mixed, but one key rate floated higher. See what that means for your chances of getting a better mortgage rate. LendingTree: This is how much homebuyers could've saved on their mortgages HousingWire Last week, the share of borrowers with rates under 5% grew moderately larger. According to LendingTree's Mortgage Rate Competition Index, borrowers with ... Why out-of-control bubble-era mortgages still threaten to smash major U.S. housing markets MarketWatch The 2004-07 bubble era in U.S. housing markets was a time of utter madness. Much has been written about it, but almost nothing has been said about the ... Paul Manafort charged with committing residential mortgage fraud — which is more common than you'd think MarketWatch Mortgage fraud risk has risen substantially in recent years as refinance activity has dried up for lenders. Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports What is FMERR? The Freddie Mac Enhanced Relief Refinance – or FMERR – is for borrowers who want to refinance but have very little or no equity in their ... Ellie Mae: Millennials' interest in mortgage refinance spikes HousingWire In January, slightly lower interest rates led to Millennial homebuyers increasing their requests to refinance their mortgages. In fact, according to Ellie Mae's latest ... LendingTree: Fewer homebuyers received mortgage rates under 5% last week HousingWire LendingTree's latest Mortgage Rate Competition Index revealed that borrowers with interest rates under 5% reversed course, inching backwards for the week ... Mortgage rates fall for the third week in a row The Washington Post The 30-year fixed-rate average dropped to 4.35 percent, its lowest level in more than a year. LendingTree: Pool of mortgage borrowers receiving interest rates under 5% is shrinking - HousingWire LendingTree: Pool of mortgage borrowers receiving interest rates under 5% is shrinking HousingWire LendingTree's latest Mortgage Rate Competition Index revealed that borrowers with interest rates under 5% slid further for the week ending Feb. 17, 2019. Weekly mortgage applications jump 5.3% as lower rates seem here to stay CNBC Mortgage application volume increased 5.3 percent last week from the previous week and was 0.4 percent higher than a year ago, the Mortgage Bankers ... Economic downshift drops mortgage forecasts again: Fannie Mae National Mortgage News Fannie Mae estimates the average 30-year fixed-rate mortgage to hold at 4.4% through 2019 and 2020 due to the overall slowdown in the economy, according ... Home Sales Slump While Mortgage Apps Rise National Mortgage Professional Magazine Today's housing data news finds a seesaw ride with home sales going down, while mortgage applications are going up. Still haven’t refinanced your mortgage? You still have an opportunity to save big Bankrate.com Mortgage rates seem to be the only thing that's affordable in today's low-inventory, high-priced housing market. This is good news for both homebuyers and ... Mortgage Applications Increase in March World Property Journal According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 8, 2019, mortgage applications ... New VA rules aimed at curbing predatory lending for cash-out mortgage refinances Bankrate.com An interim final rule on VA-guaranteed cash-out refinance loans was published on February 19 to protect borrowers from predatory lenders. The rule executes ... Mortgage rates sink to lowest levels in more than a year The Washington Post Mortgage rates were driven down this week by weak economic data and concerns about global growth. According to the latest data released Thursday by ... Once Considered Inferior, Automated Appraisals Are Helping Stem Default Risk Mortgage News Daily Although lacking in popularity, it appears that automated appraisals have obtained their intended results. Urban Institute (UI) researchers Laurie Goodman and ... Refinance rates drop off for Monday Bankrate.com Multiple key refinance rates fell today. If you haven't locked a refi yet, see how your payments might be affected. Key mortgage rates mixed for Monday Bankrate.com Mortgage rates moved in different directions today. If you're in the market for a home loan, see how your payments might be affected. TRANSACTIONS: CV Capital Funding refinances mixed-used portfolio Real Estate Weekly Roundup of this week's middle market loans features Arbor Realty Trust, Meridian Capital, Eastern Union Funding, GCP, Houlihan Parnes and CV Capital ... 7 charts showing where mortgage lending is headed in 2019 National Mortgage News From FICOs to purchase volume, here's a look at seven mortgage lending trends that will shape the housing market this year. More inventory, lower mortgage rates as 2019 homebuying season tilts toward buyers Bankrate.com Spring is here, which means peak homebuying season is right around the corner. Although it varies from place to place, generally most people start shopping for ... LendingTree: Homebuyers save big by shopping around for lower mortgage rates HousingWire LendingTree's latest Mortgage Rate Competition Index revealed that borrowers with interest rates under 5% inched forward for the week ending Mar. 5, 2019. Refinance rates drop for Saturday Bankrate.com Several benchmark refinance rates fell today. See what that means for you if you're in the market for a mortgage. Refinance rates advance for Monday Bankrate.com Several benchmark refinance rates moved higher today. See what that means for you if you're in the market for a home loan. Why the Housing Market Should Not Worry About Equity Take-Out MarketReview.com Can we look at the rate that people are refinancing their mortgages and conclude this will or even could cause a housing market crash? Some people do ... Homebuyers Get a Spring in Their Step The MReport Here are the mortgage trends that are likely to see more homebuyers locking in their property this spring season, according to an analysis. Mortgage rates fall for Monday Bankrate.com Several key mortgage rates slid lower today. The average for a 30-year fixed-rate mortgage decreased, but the average rate on a 15-year fixed were higher. Lanesborough REIT Reports 2018 Operating Results EnerCom Inc. Canada NewsWire. WINNIPEG, March 20, 2019. WINNIPEG, March 20, 2019 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSXV: LRT. Am I accidentally committing mortgage fraud? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports You're not a criminal. You just want to buy a home with a mortgage. But you could accidentally commit mortgage fraud unless you avoid these mistakes. It’s Like Giving Yourself a Raise – Refinance Your Home FOX 31 Denver How would you like to save $1000-$3000 a month, and have no mortgage payments until June 2019? Call The Home Loan Arranger and his team to find out ... Democrats roll out college debt relief plant Sunbury Daily Item HARRISBURG — Senate Democrats on Wednesday rolled out a plan to help roughly 28000 Pennsylvanians with high-interest student loans, Federal Reserve Interest-Rate Decision—Live Analysis Wall Street Journal The central bank held its benchmark interest rate steady, and a majority of officials signaled they might not raise the rate at all this year. SHARE. Report: Homeowners gained nearly $10K in home equity last year | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Home price growth might be slowing, but homeowners are still gaining serious equity in their properties, According to new data, the average homeowner saw ... Mr. Cooper News: COOP Stock Hit by Downgrade Investorplace.com Mr. Cooper news about a recent downgrade for the company from analysts at Piper Jaffray is hitting COOP stock hard on Wednesday. New rapid mortgages allow closings in as few as 8 days Bankrate.com Some lenders are drastically cutting closing times which, they say, provides an edge in competitive markets. Loandepot is offering what may be the fastest ... Local Mortgage Broker Gets New Look For Corporate HQ In Scottsdale AZ - Press Release Digital Journal Arizona based ABLEnding, Inc. is pleased to announce that they recently upgraded their Scottsdale office facilities to accommodate more customers who seek ... Mortgage refinancing spree becomes a race against the clock Bankrate.com Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ... Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes Credible News Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind. Mortgage refinance applications hit 18-year low CNBC Mortgage refinance applications hit an 18-year low. With no major move in interest rates and continued weakness in home affordability, there was not a lot of ... 5 Signs It's Time To Refinance Your Mortgage Forbes You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ... Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ... Companies should be smarter about stock buybacks Star Tribune When looking to confirm news of a stock buyback plan, a first scroll through recent news releases of Medtronic PLC turned up nothing. There was just an item ... What to consider before determining whether to refinance your mortgage Washington Post REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ... Cash-out mortgage refinancing: Here’s where homeowners are using it most Bankrate.com Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ... How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports You can apply for a mortgage refinance in person, over the phone or online. Just make sure that the company is legitimate before providing personal information ... Student takes top spot at national mortgage banking sales competition | WMU News WMU News KALAMAZOO, Mich.—Western Michigan University sales and business marketing students Ryan Demas, Cooper Frost and Alex McMahon traveled to Cleveland ... Refinance mortgage rate moves lower for Wednesday Bankrate.com Refinance rates were mixed, but one key rate trended down. If you haven't locked a refi yet, see how your payments might be affected. Refinance mortgage rate moves higher for Monday Bankrate.com Refinance rates were mixed, but one key rate trended upward. If you're in the market for a mortgage, see how your payments might be affected. Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports There is a quiet refinance boom brewing, as mortgage rates sink to 9-month lows. Not since April 2018 have rates been this low. Freddie Mac, in its weekly ... How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports You probably have a number of ways to pay off a mortgage faster. You can refinance to a shorter term, pay more on your existing mortgage or free up your ... Refinance mortgage rates mixed for Tuesday Bankrate.com Refinance rates were mixed today. If you're in the market for a refi, see how that could affect you. Should You Refinance Your Mortgage? Forbes Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ... Refinance mortgage rate dips for Tuesday Bankrate.com Refinance rates were mixed, but one key rate decreased. If you're in the market for a home loan, see how your payments might be affected. Refinance mortgage rate slides for Friday Bankrate.com Refinance rates were mixed, but one key rate slid lower. If you haven't locked a refinance yet, see how your finances could be affected. The main reason to refinance your mortgage: Save money Chicago Tribune A substantial drop in interest rate on a fixed rate mortgage could save you money with a refinance. But you must factor in closing costs on the transaction. Couldn't qualify to refinance last year? Lenders more likely to say yes in 2019 | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you have been wanting to refinance but had a hard time getting approved, 2019 might be your year. Lenders are allowing higher debt-to-income ratios, ... Refinance rates decline for Thursday Bankrate.com Several benchmark refinance rates decreased today. See what that means for your refinance. Refinance mortgage rates mixed for Saturday Bankrate.com Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage. Mortgage applications fall, as refinancing hits 20-year low CNBC A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week. Weekly refinance demand plummets as mortgage rates hit a 5-week high CNBC A sharp rise in mortgage interest rates took its toll on the lending business last week. Mortgage application volume fell 1.8 percent for the week, according to the ... Refinance rates decline for Tuesday Bankrate.com Multiple closely watched refinance rates trended down today. See what that means for your refinance chances. Refinance mortgage rates mixed for Monday Bankrate.com Refinance rates were mixed today. If you're shopping for a mortgage, see how your payments might be affected. Refinance mortgage rate falls for Friday Bankrate.com Refinance rates were mixed, but one key rate declined. If you're shopping for a mortgage, see how your payments might be affected. Refinance rates retreat for Monday Bankrate.com Multiple benchmark refinance rates tapered off today. If you're in the market for a mortgage, see how your payments might be affected. Credible Expands Their Marketplace Into Mortgage Refinancing Lend Academy Credible made a name for themselves in student loans. They are the first and largest marketplace for people looking to refinance their student loans. Borrowers ... Housing advocates surprisingly upbeat on FHFA nominee American Banker Mark Calabria has notably criticized the government's role in housing, but some groups have taken him at his word when he told senators that he supported ... Factors to weigh when considering whether to refinance your home Washington Post Q: I was offered a mortgage “recast” and I need help evaluating if it is a sound financial move. My home is worth $250,000. I owe about $68,000, as I have been ... Refinance mortgage rate rises for Thursday Bankrate.com Refinance rates were mixed, but one key rate climbed higher. If you're shopping for a mortgage, see what that means for you. Refinancing activity in the US just plunged to the lowest level in over a decade Business Insider Refinancing activity plunged to the lowest level since 2000 as interest rates rise. Refinance rates tick lower for Thursday Bankrate.com Several closely watched refinance rates dropped today. See what that means for you if you're in the market for a mortgage. Refinance mortgage rate ratchets higher for Thursday Bankrate.com Refinance rates were mixed, but one key rate climbed. If you're shopping for a mortgage, see how your payments might be affected. With today's mortgage rates, you can still refinance for lower payments. Here's how | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Many homeowners refinance for lower payments or interest rates. Here's what you need to know about your options and some pitfalls. Refinance rates hold steady for Friday Bankrate.com Several benchmark refinance rates held steady today. See what that means for you if you're in the market for a mortgage. Refinance mortgage rates mixed for Friday Bankrate.com Refinance rates were mixed today. If you haven't locked a refinance yet, see what that means for you. Thinking of Refinancing Your Mortgage? Check These 4 Financial Areas First Forbes Refinancing your mortgage can be a great way to save on your monthly payment or to change up the terms of your loan. However, while it's a financial move that ... Refinance mortgage rate falls for Tuesday Bankrate.com Refinance rates were mixed, but one key rate dropped. If you haven't locked a refinance yet, see how your payments might be affected. How to use a cash-out refinance to buy another home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Can or should you use a cash-out refinance to buy another home? Maybe, if that's the most cost-effective source of a down payment or even the whole purchase ... 5 Terrible Reasons to Refinance Your Mortgage MoneyWise.com Mortgage rates have been going up, so time may be running out if you're looking to refinance your home at an attractive rate, to lower your mortgage costs or... Refinance rates decline for Wednesday Bankrate.com Several key refinance rates were down today. If you're in the market for a home loan, see how your payments might be affected. Refinance rates slide for Saturday Bankrate.com Multiple closely watched refinance rates were down today. If you're in the market for a refinance, see how that could affect you. Refinance mortgage rate slides for Thursday Bankrate.com Refinance rates were mixed, but one key rate declined. If you haven't locked a refi yet, see how your payments might be affected. Refinance rates move up for Thursday Bankrate.com Several closely watched refinance rates advanced today. If you're in the market for a mortgage, see how your payments might be affected. Cash-out refinance for renovation: Increase your home equity | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Considering a cash-out refinance for renovation? Here's what you need to know about options for financing home improvements. Refinance mortgage rate eases for Thursday Bankrate.com Refinance rates were mixed, but one key rate dropped. If you're in the market for a mortgage, see how your payments might be affected. Refinance rates decline for Saturday Bankrate.com Several key refinance rates dropped today. If you haven't locked a refi yet, see how your finances could be affected. Unpaid federal workers can sidestep rules to apply for cash-out mortgage refinance Bankrate.com As the partial government shutdown drags on with no end in sight, furloughed federal workers are faced with mounting financial obligations and a variety of relief ... Do I need an appraisal to refinance my home? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Do you need a home appraisal to refinance your mortgage? Not necessarily. Here's what you need to know about conforming, USDA, FHA and VA refinances ... Texas cash-out refinance: new laws you need to know | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Cash-out refinance Texas rules for homeowners in Texas. Texas cash-out refinancing is different from other states and you'd better know the rules before taking ... Refinance rates trend higher for Tuesday Bankrate.com Several closely watched refinance rates rose today. If you're in the market for a mortgage, see what that means for you. Best cash-out refinance lenders 2019 | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you want to pull equity out of your home in 2019, check out this list of best cash-out refinance lenders. Because mortgage rates and costs for cash-out ... Refinance mortgage rate advances for Thursday Bankrate.com Refinance rates were mixed, but one key rate moved higher. See what that means for your refinance chances. BIMINI CAPITAL MANAGEMENT, INC. filed on Wed, Mar 20 10-K | Thorold News Thorold News BIMINI CAPITAL MANAGEMENT, INC. filed 10-K with SEC. Read 's full filing at 000127547719000037.UNITED STATES SECURITIES AND EXCHANGE ... Refinance rates slide for Monday Bankrate.com Multiple benchmark refinance rates ticked downward today. If you're in the market for a home loan, see what that means for you. When to refinance: I need to lower my mortgage rate or payment | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you're wondering when to refinance, consider your objectives and see if you'll pay less interest, reduce your payment, or lower your overall costs. |
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