As the year comes to a close, we would like to reflect on 2016 and the many successes of the year. At Hunt Mortgage Group, we pride ourselves on being experts whether helping our clients with financing or educating them on the various aspects of loans and mortgage options.
Over the past year, we periodically updated you regarding the latest mortgage industry news and trends, as well as helpful tips and advice for when applying for commercial, residential or multifamily loans. To celebrate 2016 and ring in the New Year, we have gathered our 10 most popular blogs of 2016!
1. Understanding Debt-Service Coverage Ratio
When dealing with the debt coverage ratio and how it relates to commercial real estate, many investors fail to fully understand this highly important concept. DCR, or debt coverage ratio is comparing the property’s net operating income, or NOI, to the proposed mortgage debt service. The lender needs to know that there is sufficient cash flow to actually cover the debt within the new mortgage. Read our blog to learn why lenders use this ratio, how the ratio affects loan amounts, and other important information that you cannot afford to miss.
2. Understanding Loan-to-Value Ratio
Many investors know what LVR stands for, but how many actually understand how loan-to-value ratio can impact many facets of investing? LVR is becoming more and more critical with every lender’s policy renewal for investment lending. Read our blog to gain a better understanding of why this ratio is used, how this ratio is calculated and more importantly how it can affect you!
3. Financing a Green Certified Building
In an initiative to be more environmentally friendly, many property owners are beginning to finance green certified buildings. Green buildings conserve natural resources, protect ecosystems, improve air and water quality, and decrease waste. Through the new Fannie Mae Green Certification and Green Rewards Programs, commercial real estate property owners can experience better pricing and proceeds. Learn more about this great opportunity, as well as eligibility in our blog.
4. Tips on Selecting a Green Certification Program for Multifamily Housing
A Green-Certified multifamily property affords many benefits for owners and those who live there. Not only does it benefit an owner, but it also helps the Earth. We’ve gathered great tips to help walk you through the process of selecting a Green Certification program. Read our blog to learn more.
5. Recourse vs. Non-Recourse Commercial Real Estate Loans
What’s the difference between recourse and a non-recourse loan? In commercial real estate both types of loans are common depending on the stage and type of financing. However, there are key differences that you absolutely cannot confuse; doing so may only hurt you financially. Learn about these two types of loans and common pitfalls to avoid in our blog.
6. How to Receive the Most Money for Your Small Apartment Property
If you own rental property, there are proven ways to help you maximize your profits on your current investments. Don’t deny yourself a substantially lower cash amount for your small apartment property with simple mistakes. Instead, read our blog; we outlined five tips to help maximize the amount of money you will receive for your small apartment property.
7. Applying for a Commercial Real Estate Loan
Most property owners have a basic understanding of commercial real estate loans as well the application process. Surprisingly, however, many are unaware of what it takes to qualify for a commercial real estate loan. Luckily, the experts at Hunt Mortgage Group have you covered. Learn what you need to know about applying for a commercial real estate loan in our blog.
8. 3 Helpful Tips for Closing a Commercial Real Estate Loan Quickly
Do you want to close a commercial real estate loan quickly and avoid a lengthy process? More importantly, is this even possible? While it certainly is possible, it’s just like that old colloquial phrase: “Easier said than done.” With careful planning, however, you can definitely speed up the process. Read our blog to learn about three simple tips that you can use in order avoid an arduous loan process.
9. Property Types That Require Commercial Real Estate Loans
Commercial real estate loans have a different set of requirements than other loans. In contrast to residential mortgages, commercial real estate loans are required for properties that are considered income-producing real estate. Learn about which property types require commercial real estate loans in our blog.
10. Differences Between Commercial and Residential Loans
When you apply for any type of loan, you will notice key differences between each type. Commercial and residential loans are no exception. Although commercial and residential loans share similar traits, there are differentiating elements you may have overlooked. As a business owner, it is imperative you understand these differences in advance. Failing to do so may hinder the application and approval process. Prepare yourself by learning about the differences between these two loans in our blog.
What will 2017 bring?
2016 certainly was interesting; one can only imagine what’s in store for the New Year. However, one thing is certain: The experts at Hunt Mortgage Group will continue to assist our customers by providing helpful tips to ensure that they achieve the loans they desire. Happy New Year everyone!