credit worthiness's tag archives

Why Second Mortgage?

Posted by admin in Tuesday, January 13th 2009   
Topics: Advice    Tags: , ,
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Finance Brand Blog asked: Second Mortgage Overview?Second mortgage is great and easy way to raise money for any purpose. A second mortgage simply means that the amount you borrow is secured by your property, in second preference to your first mortgage. Some lenders call it secured loan.Second Mortgage and Home Equity LoanThe amount you can [...]

Thinking about buying a commercial property.. what are the basic underwriting guidelines?

Posted by Midland Funding in Sunday, November 9th 2008   
Topics: Industry Commentary    Tags: , , , , , , ,
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Commercial Financing is underwritten on a case by case basis. Every loan application is unique and evaluated on its own merits, but there are a few common criteria lenders look for in commercial loan packages.
Financial Analysis
A key component in making an underwriting evaluation is the debt coverage ratio (DCR). The DCR is defined as [...]