An update on Multi-Family rates as of April 26 2012.
Last week I was at the Mortgage Bankers Association-Commercial Real Estate Forum, the big annual commercial real estate lenders conference. There was lots of discussion about loans coming due, larger life company allocations and the return (again) of CMBS. All of this was interesting but my biggest take away from CREF relates to the agency [...]
I often get asked by clients why the need to send me so much information just to get a quote on a loan. They want to tell me what they think the property is worth and think I should then be able to give them a firm quote. They tell me other mortgage brokers do [...]
The question I get most asked is how does yield maintenance prepayment penalty work and should I be worried about it. This is especially true for borrowers who had previously borrowed from banks and are now looking at a loan from Freddie Mac or Fannie Mae. My short answer is that this is not something [...]
Just got a loan, but do you really know how your lender calculates your monthly payment and amortization schedule? It’s not as simple as you think. In fact your lender may be calculating your payment differently than you expect or know.