www.lendinguniverse.com Find and compare hundreds commercial mortgage loans in BALTIMORE, MARYLAND. LendingUniverse – Real Estate Brokers, Commercial Mortgage Broker and hard money lenders. Get LOI by Banks, brokers, real estate investors and lenders offer mortgages on residential,…
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“I’m in debt up to my eyeballs” This video does not belong to me – I simply ported it from the lending tree website. Please don’t ask me for originals or DVDs as I do not possess them. I also do not possess the rights to this commercial so please contact Lending Tree if you want to use this video.
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Best answer:

Answer by oaklandted
Lock in now, or soon; the rates are bottoming out.

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Banks are evidencing a willingness to sell their problem commercial real estate loans at a substantial discount before the end of this calendar year, stated Kevin Levine, Executive Vice President of Strategic Asset Solutions/Peak Asset Solutions. If those problem real estate loans stay on their books through December 31, banks will be required to create significant reserves against them, he said. This will impact their earnings reports for the fourth quarter and for 2011 as a whole. And it will lower their tangible capital ratios. So they have every motivation to sell those loans and get them off their books before the year comes to a close.

Levine explained that despite the motivation for quick sales, banks will not enter into just any loan-sale transaction. The bank must perceive that the value it will receive from the year-end loan sale will be equivalent to or greater than what it would receive upon foreclosure, he said. In making that calculation, the bank will consider the costs of foreclosure and the estimated time delay before the property can be resold. Levine explained that the bank will want a clean sale, with no conditions and the prospective loan purchaser will have to provide a proof of funds evidencing that it has the cash to close the transaction in a matter of a few days.

Levine commented that if there is a strong guarantor, the bank will be much less willing to approve a note purchase resulting in a book loss. However,” he said, “if the guarantor is insolvent or otherwise financially weak, the bank will not be able to look to the guaranty as a source of recovery. If those are the circumstances, the bank may well conclude that it is best to cut its losses and dispose of the problem asset now.

Strategic Asset Solutions/Peak Asset Solutions offers commercial loan modification and short sale services in California and throughout the country. The companys personnel bring extensive commercial real estate expertise to each assignment, including market analysis, valuation, legal, and negotiation experience. Each borrowers unique lending situation is fully analyzed, and the borrower is assisted in preparing current operating reports and projections. Then, Strategic Asset Solutions/Peak Asset Solutions drafts and submits to the lender a loan modification proposal. That proposal may include a principal reduction, interest rate reduction, and waiver of penalty charges. In those instances where a loan modification will not work to the mutual benefit of the borrower and lender, Strategic Asset Solutions/Peak Asset Solutions will attempt to broker a short sale of the commercial real estate at a significant discount from the loan balance, or will seek to negotiate a sale of the note to a third-party.

Strategic Asset Solutions/Peak Asset Solutions is one of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. In addition to commercial loan modifications, the Peak Corporate Network entities offer mortgage lending, loan servicing, residential short sale services, 1031 exchange, trustee work, foreclosure services, real estate brokerage and escrow services. For more information, visit http://www.peakcorp.com

The Peak Corporate Network brand represents a group of related separate legal entities, each providing its unique set of real estate services.

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Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. www.mylendingplace.com

thegaleteam.com LOAN OPTIONSThirty-Year Fixed Rate MortgageThe traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.Fifteen-Year Fixed Rate MortgageThis loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)These increasingly popular ARMS also called 3/1, 5/1 or 7/1can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate …
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ABC’s Robin Roberts interviews financial expert Dave Ramsey about the dangers of walking away from a home mortgage. Stay tuned to end of the interview for USA Home Buyer’s 30-second announcement of a new option available to underwater homeowners in all 50 states… The Home Mortgage Loan Assignment Program (HMLAP).
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www.tucsonmortgages.com Todd Abelson’s Tucson Home Mortgage Update
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The National Mortgage Complaint Center is urging homeowners thinking about refinancing their home to not fall for a slick radio, or Internet advertisement offering interest rates that do not exist. The group says, “As we write this press release we are looking at a phoney Internet pop up ad that says, quote en quote Mortgage Rates hit 2.6%. Its not a 30 year fixed interest rate, and we think this is misleading. If a homeowner wants to see what the current best interest rates are nationwide, Google American Interbanc, go to their web site, and click on their rate page. We have endorsed this company five years in a row, and while they may not lend in your state, their rate sheet will give you an accurate picture of national mortgage interest rates.” http://NationalMortgageComplaintCenter.Com

The National Mortgage Complaint Center is also urging homeowners about to refinance their mortgage to reuse their existing title insurance company, because most states require title insurance companies to offer what is called a reissue title insurance rate, at a significant discount. What this all translates into hundreds of dollars in savings to an average homeowner, about to refinance their home loan. http://NationalMortgageComplaintCenter.Com

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