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BiggerPockets Mortgage Center

Applying for a Commercial Mortgage: What You’ll Need

by Peter Slaugh on May 21, 2013

Applying for a Commercial Mortgage

For most investors, competitive financing is the biggest driver in achieving cash-on-cash yield as well as overall investment returns when acquiring income-producing properties. Understanding and navigating the capital markets is the single biggest challenge to investors seeking to maximize returns while funding the largest piece of the capital stack for property acquisitions. But it doesn’t [...]

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Popular Mortgage Programs For First Time Home Buyers

October 6, 2012 Mortgages

First time home buyers have a few really good programs to choose from.  These mortgage programs only require little to no money down and some allow a lower credit score.  It’s common to see first time home buyers have little no money for a down payment or a lower credit score prevent them from buying [...]

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Should I Refinance My Mortgage? Only Saving $50 A Month…

September 22, 2012 Mortgages

Does it make sense to refinance your mortgage if you are only saving a small amount a month, like $50?  The best way to answer this question is with an answer to another question. Answer this question first:  How long do you plan on keeping your property? It’s best to try and answer this question, [...]

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Top 5 Private Money Deal Killers: Deal Killer #1 – No Experience

September 6, 2012 Private & Hard Money
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As a private lender with many years experience “in the trenches” lending private money (some call it hard money) on residential real estate, I have seen my fair share of potential borrowers with supposedly “killer deals” that end up being anything but killer.  The deal either starts out with a fatal flaw, or during the [...]

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Why You Should Care About Mark Zuckerberg’s Mortgage

July 18, 2012 Mortgages
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When the popular singer-songwriter Ne Yo purchased his second home in Milton, Georgia last week, speculation abounded as to why he would purchase a second home so close to his first home in Alpharetta. But nobody seemed to care about how he financed the purchase. Likewise, nobody seemed to care when Ellen DeGeneres purchased Brad [...]

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The Mortgage Market – Week of 7/13/12

July 13, 2012 Mortgages

Mortgage rates continue their tumble recently, hitting all-time lows every day for the week starting July 9th, 2012. Current mortgage rates sit around 3.63% nationally for a 30 year fix rate mortgage, moving lower to 2.91% on a 15 year mortgage. Despite the mortgage rates constant tumble as of late, that hasn’t done much to [...]

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How to Finance a Home: The Basics of Qualifying for a Home Loan

March 20, 2012 Mortgages

If you’re looking purchase a new home or refinance an existing one, it’s important to understand the basics of qualifying for a mortgage so you can get the best deal possible. It’s not as easy to get a mortgage these days as it used to be, so it’s important to understand the basics of qualifying [...]

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FHA Mortgage Insurance Premiums Set to Increase in April

March 12, 2012 FHA Loan

FHA-insured mortgages are about to get more expensive. Starting in April, the Federal Housing Administration is increasing the upfront and annual mortgage insurance premiums for FHA-insured loans. From a recent FHA press release: As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing [...]

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What is a Debt-to-Income Ratio (DTI) and How is it Calculated?

December 30, 2011 Mortgages

Mortgage lending underwriting criteria falls into three general categories, credit, collateral, and capacity. Credit has to do with how well you pay your bills (as evidenced by a credit report and score), collateral has to do with the type and quality of the property you’re using to secure the loan, and capacity has to do [...]

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