Funding
Explore everything from strategies to get the most bang for your buck to foundational knowledge that will get you ahead of the competition.
Then find a reputable lender here.
Back To: All Topics
Funding
Explore everything from strategies to get the most bang for your buck to foundational knowledge that will get you ahead of the competition.
Then find a reputable lender here.
Back To: All Topics
00:14:12 | A letter of interest is an indication from the lender of what they expect to bring to you. In this video, Eric explains how to interpret the initial terms sheet that you receive. Other Videos in This Course ...
Module 7 – Differentiating Your Lender
00:05:58 | There are three specific categories that Eric focuses on to connect with real estate investors. Find out what these areas are and how he can help you gain success! Other Videos in This Course ...
Module 8 – Closing Remarks for Commercial Loan Strategies
00:00:24 | Thank you for watching and investing the time in yourself to prepare for financing in your upcoming real estate deals. Other Videos in This Course ...
Course Addendum – How to Maximize Your Returns With the Right Loan
00:26:21 |In this episode Eric discusses how to get the right loan for the maximum returns. A strategy to ensure you are getting the most out of your investment. Other Videos in This Course ...
Commercial Redevelopment: The 2023 Gold Rush with Tom Berry
00:45:43 | As commercial real estate prices descend there will be opportunities for real estate investors to step in and regenerate these properties into something new that the market needs. More properties will become available and as they do, investors can repurpose these commercial properties from their original asset class ...
Financing During a Looming Recession – What to do to Protect Your Business
00:46:42 |In this session, subject matter experts will discuss how to secure financing during recessionary times. They will cover the caveats of interest rates, risk analysis, and the competitive market share. Other Replays for this Event ...
In real estate, the term underwriting is usually used in reference to underwriting a mortgage loan, specifically. Underwriting is the process a lender uses to determine if the risk associated with lending to a particular borrower is acceptable. Generally, loans are underwritten based on the borrower’s credit, the amount of ...
A loan with a specific repayment schedule and a fixed or floating interest rate ...
When a buyer purchases a property subject to the existing mortgage. The buyer agrees to make the payments on the property and the seller transfers ownership but is still legally responsible for making payments on the property ...
Seller financing involves the previous owner of the property, the seller, making a loan to the buyer so that this individual can purchase the home for sale. This is a legally binding note that usually holds the home as collateral. Sellers may do this in order to sell quickly, obtain ...
The market where home loans and servicing rights to those loans may be bought and sold by lenders and investors. Most home loans are sold on this market at least one time and usually far more frequently, over the life of the loan ...
Refinancing involves taking out a new loan on a property. Typically, a refinance involves consolidating debt, obtaining a lower interest rate, or otherwise procuring some advantage over the previous financing terms ...
A person appointed to take temporary legal possession of a mortgaged property in order to pay expenses, maintain the property and any associated income, and turn accounts over to the court ...
Real Estate Secured Promissory Notes
A promissory note, also known as a mortgage note, holds real estate as its collateral. The note, for short, details exactly how, when, and where a borrower will make payments and explains different payment default scenarios and potential outcomes. One of those outcomes if the note is secured by real ...
Property that is owned by a lender after a foreclosure ...
A provision often included in adjustable rate mortgages (ARMs) that limits how much the interest rate can increase over a predetermined period of time. Some ARMs have a lifetime cap as well as a cap for certain periods of adjustment ...
Private Mortgage Insurance (PMI)
Private mortgage insurance is designed to mitigate a lender’s risk on a loan. Borrowers with lower credit scores, lower down payments, and other potentially problematic issues with their loan could be required to purchase and pay PMI on their property until a certain equity threshold or payment history is established ...
A non-institutional lending entity that may be an individual or a company. Private lenders may also be called “non-bank lenders” and tend to lend based not only on conventional creditworthiness but also on the value of the collateral and other more custom considerations. Find out more about private lenders (and ...
The market where borrowers and mortgage originators (usually banks, mortgage brokers, or credit unions) come together to negotiate terms for loans and conduct mortgage transactions ...
When a borrower is making payments on time, the note on a loan is considered to be performing. A loan on which the borrower is making payments on time and in full ...
In real estate, the term note is shorthand for mortgage note, and refers to the promissory note secured by a specific mortgage loan with a piece of property as collateral ...
When a borrower falls behind on payments on a loan, the note is considered to be non-performing. A loan on which the borrower has stopped making payments. These note may also be called distressed notes ...
A lender whose business includes making mortgage loans ...
Mortgage Interest Deduction (MID)
This IRS policy allows homeowners who meet certain requirements to deduct the cost of the interest on their mortgage loans from their taxable income. This can lower the amount of taxes an individual owes on their income and, indirectly, make owning a home more affordable since the home loan diminishes ...
An insurance policy designed to protect lenders from losses due to default on a mortgage loan. Borrowers who put less than 20% down on a property are more likely to have to obtain mortgage insurance, which can be public or private. Mortgage insurance requirements often lapse when a property reaches ...
