Mortgage Resources powered by Mortgage 101

		Featured Mortgage Articles
Mortgage 101 Library Application Appraisals Bankruptcy Commercial Credit Refinance FHA Loans Insurance Interest Rates Loan Programs Down Payment Relocation 2nd Mortgage VA Loans		Initial Meeting with a Mortgage Professional Find out what information you will need to prepare for your first meeting. Your House and Car Depending upon which exemption scheme is selected and your circumstances, you may exempt up to $100,000 in equity. Commercial Underwriting Guidelines Commercial Financing is underwritten on a case by case basis. Every loan application is unique and evaluated on its own merits, but there are a few common criteria lenders look for in commercial loan packages. Commercial Debt Service Ratio The most important ratio to understand when making income property loans is the debt service coverage ratio. Credit Grades Mortgage companies often grade your loan based on certain credit related items such as payment history, amount of debt payments, bankruptcies, equity position, and your credit score. Closing Costs There may be closing costs customary or unique to a certain locality, but closing costs are usually made up of the following:

ParchmentMichigan.com HOTELS • REAL ESTATE • JOBS