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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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 […]
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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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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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