As a homebuyer in or around Miami, there are a number of different types of mortgages you can choose from, one of which is an FHA loan. This type of mortgage is insured by the Federal Housing Administration. Why should you consider an FHA mortgage? Following are a few key reasons. 1. Your credit score […]
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7 Things You May Not Know About VA Loans in Miami
If you are a veteran, active-duty service member or eligible surviving spouse, and you want to apply for a home loan in Miami or elsewhere in Florida, you should consider applying for a VA mortgage. If you meet the service requirements to qualify, a VA loan can help you purchase a home in FL with […]
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What to Know About Applying for a Fix and Flip Loan in Miami
If you want to fix and flip in the South Florida retail market, you’ll find that there are many opportunities throughout Miami and the surrounding region. But make no mistake—South Florida’s fix and flip market features some steep competition. What does that mean for you as an investor? 1. The more capital you have, the […]
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How to Qualify for a Mortgage When You Do Not Have an Ideal Debt-to-Income (DTI) Ratio
The two most important financial metrics which mortgage companies consider when deciding whether to qualify you for a commercial or residential loan are your credit score and your debt-to-income (DT) ratio. A high credit score can help to offset issues with your debt-to-income ratio. But if your DTI ratio is particularly high, that can still […]
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Common Commercial Loan Mistakes to Avoid
In the process of applying for a commercial real estate loan, and want to give yourself the best chances of approval? Then you need to try and avoid making common mistakes when choosing a Florida commercial lender and applying for a suitable loan. Let’s go over some of those possible mistakes now. 1. Not having […]
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How Can You Apply for a Home Loan Without a W-2 or Tax Return?
Do you own your own business, work as a freelancer, or make most of your money through investments? If so, you may scratch your head at the traditional loan application paperwork requirements. How are you supposed to prove your income if you do not have a W-2? And what if your tax return isn’t an […]
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Why Invest in US Property as a Foreign National?
As a foreign national thinking about investing in residential or commercial real estate in Florida, you can look forward to many potential advantages from your investment. Below are some of the benefits of purchasing property in the US as a foreign national. 1. Diversify your real estate holdings. When you purchase property in the US […]
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What Do Commercial Lenders Look for When Approving Loans?
Whether you are trying to obtain a multifamily loan, a vacant land loan, a construction loan, commercial aircraft financing, or any other type of commercial lending product, it helps to know what considerations are important to lenders before you apply. Following are some of the criteria you should be aware of. One of the prime […]
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Mortgage Calculator in Miami
As you prepare to take out a home loan in Miami or the surrounding area, one of your primary considerations is going to be how you can save as much money as possible over the lifetime of your mortgage. Here at Lending Bankers Mortgage, we strive to help our customers to pay off their mortgages […]
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Steps to Take Before Applying for a Stated Income Loan
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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