Over the past few years, stated income loans have become popular both in Florida and throughout the country. Stated income loans allow you to apply without providing a W-2 or tax returns to prove your income. You are taken “at your word,” though you typically need to show your income through bank statements. Who uses […]
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Foreign National Loan FAQ’s
If you are thinking about purchasing property in the US as a foreign national, you likely have a lot of questions about how the lending system in the States works. In the FAQ’s below, we will attempt to provide simple, straightforward answers to some frequently asked questions. Q: Can a foreign national purchase property in […]
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Condotel Financing FAQ
Interest is growing rapidly in condotel financing. But while more and more borrowers are considering investing in condotels, many have questions about the entire concept. Below, you can discover answers to some of the most frequently asked questions on condotel loans. Q: What exactly is a condotel? A: A condotel is a condo unit which […]
READ MOREWhat to Look for When Buying a Condotel
If you plan to purchase a condotel, Miami is certainly the right place for it. In fact, few other locations can compete in terms of sheer numbers; they are very popular in this part of the world. Condotels are a new concept to a lot of real estate investors, so you probably have a lot […]
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5 Things to Know About Foreign National Loans
If you are a foreign national looking to purchase property in the Miami area, you will need to apply for a foreign national loan. Before you jump into the process, there are a few things which are helpful to know about loans for foreign nationals. Let’s go over them now. 1. You will need to […]
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6 Things to Consider Before Applying for a Land Loan
When most people look to buy a new home or set up a business, they look for a residential or commercial loan on a completed property. But there are a lot of great reasons to think about purchasing vacant land instead, so you can construct your own home or commercial structure. Doing so gives you […]
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How to Pick the Right Hard Money Lender
If you are shopping for an investment loan with a fast, simple approval process and lower qualification benchmarks, a hard money loan may be the right fit for your needs. Because your credit score is less of a factor in determining your eligibility however, many hard money loans tend to have higher interest rates. There […]
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6 Factors Aviation Lenders Consider When Deciding Whether to Approve You for a Loan
If you will be applying for aviation financing in Florida, it is important to be familiar with the factors which lenders are going to look at when they decide whether to approve your loan. Along with basics involving your finances, these include details involving the aircraft and the loan itself. Let’s look. 1. Your income, […]
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Should You Invest in a Condotel?
If you are a regular visitor to South Florida, perhaps you have stayed at some of our region’s beautiful condotels. If so, you may wonder whether it would be worth it to invest in a condotel unit. After all, you are already paying to stay in the condotel while you are in the area, so […]
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What Should You Know About Stated Income Loans?
At Lending Bankers Mortgage, our goal is to find a way to help every customer who contacts us to obtain the financing they need for their commercial and residential needs quickly and easily. For that reason, we offer convenient loan financing options which you may not find at your regular bank or credit union, like […]
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