
4 Tips for Choosing a Commercial Mortgage Company
If you are shopping for commercial real estate in Miami, then you need to find a mortgage company to work

If you are shopping for commercial real estate in Miami, then you need to find a mortgage company to work

If you are thinking about refinancing your mortgage, you know that you need to weigh the potential costs against the

Homebuyers who will be applying for FHA or VA loans will be pleased to learn that MIP and certain funding
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Licensed by the Florida Office of Financial Regulation Mortgage Broker #MBR352, NMLS #383682
Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.
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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 why not choose a unit to make your own, and maybe earn some extra money from it? But before you move forward, you need to weigh the pros and cons.
Buying a condotel unit is like owning a condominium, but you get to enjoy the conveniences of a hotel. In many cases, that means access to all the same amenities that hotel guests get to use. Management will generally take care of maintenance issues, making a condotel relatively “hands-off” to own. They vacation at the condotel for a few weeks or months, and then head home for the rest of the year. Alternately, you also have the option of living in your condotel unit year-round. Tally up the hotel rates and other costs associated with long-term trips, and you will discover that they add up fast.
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 stated income loans. With a stated income loan, you do not need to verify your income using W-2 forms or pay stubs.
If you’ve never applied for a stated income loan, here a few things you should know before you get started. You do not need to provide pay stubs or W-2 forms, but you do need to verify your statement through other means. Typically, that means using bank statements. So before applying, you may wish to save up for your down payment. If you are employed by a company, this is straightforward enough. While many people apply for stated income loans because they simply cannot provide W-2 forms or pay stubs, this alternative loan application process offers other benefits as well.