Getting a Loan for Citizens of Cuba, Venezuela, and Other OFAC Sanctioned Countries
Securing a mortgage in the United States can be a complex process, especially for non-citizens or permanent residents. This challenge intensifies for those from OFAC-sanctioned countries like Hong Kong, Russia, or Venezuela, where economic sanctions add another layer of complexity. However, obtaining a loan for citizens of OFAC countries is feasible with the right approach. […]
Builders’ Line of Credit
Securing a builders’ line of credit is essential for investors, builders, or developers engaged in multiple projects annually. Unlike standard bank mortgages, this specialized loan caters to those working on complex projects simultaneously. Tailored for investors and builders, these developers’ loans are ideal for constructing small home clusters to large subdivision developments. They provide the […]
The Five Cs of Credit – And How to Get a Mortgage
People in the lending business often refer to a concept called the “Five Cs.” These are the five basic factors that lenders consider when considering a loan application: Over the years, lenders have learned through hard experience that they can ignore the Five Cs at their peril. Nevertheless, some lenders are stricter than others in […]
4 Ways Commercial Property Investors Can Unlock Liquidity In A Down Market
Veteran real estate investors know the story well: It’s very easy even for successful commercial property investors to become asset rich, but cash poor. The problem can get particularly acute when it’s time to turn a property around after a tenant’s departure, for example. Or when you need to make a major unexpected repair. Or […]
US Mortgages for Canadians in Florida: Ultimate Guide
Why mortgages for Canadians in Florida are attractive As the leading foreign investors in Florida’s real estate market, Canadians acquired properties worth over $1.8 billion last year alone, surpassing investments from Argentina, Colombia, Brazil, and Venezuela. This data from the Florida Realtors Association highlights the growing Canadian interest in Florida’s real estate. The appeal goes […]
Jumbo Cash Out Refinance in Florida: Ultimate Guide
Updated: January 1, 2024 If you’re a homeowner in Florida with a high-value property, you might be sitting on a significant amount of equity. A jumbo cash out refinance can help you tap into this wealth, providing you with liquid cash for any purpose. However, not all lenders are willing to refinance jumbo mortgages due […]
How To Get A Mortgage On New Construction Condos In Miami
Securing Miami New Construction Condo Mortgages can be a complex endeavor. Miami’s booming market makes it a prime location for new condominiums, yet traditional lenders often hesitate to finance these properties, labeling them as non-warrantable. This categorization by Fannie Mae and Freddie Mac stems from mortgage regulations by the U.S. Department of Housing and Urban […]
How To Get A Loan For Rural And Large Acreage Residential Properties
Securing Rural Property Loans for large-acreage properties like rural homes, farms, or former farms is markedly different from suburban home buying. The challenge lies in finding lenders willing to finance these unique rural properties. Due to the difficulty banks face in reselling these properties in case of foreclosure, they often fall outside the scope of […]
How To Get A Mortgage For A Short-Term Rental Property
AirBnB and other short-term rental (STR) investing has exploded in popularity over the past decade. And as travel recovers from the pandemic, analysts expect growth to resume: Between 2019 and 2024, the short-term vacation rental industry is expected to grow by more than $63 billion, at a compound annual growth rate of 7%. Short-term rental […]
How Can I Use Cryptocurrency To Qualify For A Loan?
Just a few years ago, cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin were niche interests. But today they are definitely moving into the mainstream. A recent survey from HSB and Zogby Analytics found that more than a third of small-and medium-sized businesses now accept cryptocurrency as payment – right along with Visa, MasterCard, and American […]
