Welcome to Easy Mortgage Online Guide
Commercial Real Estate Mortgages Article
This is a selection made from among articles on Commercial Real Estate Mortgages. For a permanent link to this article, or to bookmark it for future reading, click here.
Reverse Mortgage Calculator
from: Troy ShellhammerMost seniors who are interested in learning more about the Reverse Mortgage process will often use a Reverse Mortgage Calculator. Most online reverse mortgage calculators require the current value of the home in question, the total amount of any liens on the property, the ages of any individuals on the deed and zip code. The Reverse Mortgage Calculator will then immediately give a value that is fairly close to what an actual Reverse Mortgage estimate will show.
Using a Reverse Mortgage Calculator is a great way to get an idea of how much you could receive from a reverse mortgage, but also remember it is just an estimate. All Reverse Mortgage products use a variable interest rate, and some Reverse Mortgage Calculators do not always stay completely accurate with the current interest rate. Also, some Reverse Mortgage Calculators will ask for the age of the individual, and not the exact birth date. This can result in a difference between the estimate that would be provided by a Reverse Mortgage Loan Officer and the estimate prepared by the Reverse Mortgage Calculator.
A Reverse Mortgage is a loan that allows seniors age 62 and above to utilize the dormant equity in their homes, but different than a standard equity line, in that there are never any payments required with a Reverse Mortgage while the senior lives in the home. The formula uses the value of the property, the age of the individual, and the current interest rate to provide an amount of money that is usually anywhere from 20 to 60 percent of the home's appraised value. The funds many be received in numerous ways, including a lump sum, a monthly "annuity-like" payment, or an easily accessible Line of Credit.
For people interested in learning more about the Reverse Mortgage program, a Reverse Mortgage Calculator is a great way to get some initial figures and amounts that can be utilized from the home's equity. After using the Reverse Mortgage Calculator however, every person who is interested in learning more should get a proper estimate from a Reverse Mortgage Loan Officer. There should never be a charge to receive a Reverse Mortgage estimate, and if that is ever the case, please report the individual in violation to the Department of Housing and Urban Development.
Reverse Mortgage Nation provides an online Reverse Mortgage Calculator and a listing of Reverse Mortgage Loan Officers in your state.
About the Author
Troy Shellhammer is a Reverse Mortgage specialist with Next Generation Financial Services, a division of 1st Mariner Bank. He advises seniors on the Reverse Mortgage process and produces Reverse Mortgage loans nationwide. Please visit his website at http://www.reversemortgagenation.com/troyshellhammer or call 1-888-9 REVERSE for any questions, information, or an e
 |
 |
Warning: file(http://www.searchfeed.com/rd/feed/TextFeed.jsp?trackID=J4200085324&pID=67483&cat=commercial+real+estate+mortgages&nl=5&page=1&excID=) [function.file]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found
in /home/quies/public_html/mortgage/datas/searchfeed.php on line 8
Commercial Real Estate Mortgages Specific links
Commercial Real Estate Mortgages News
Washington Trust Provides $20 Million to Finance Massachusetts’ Office Park
Washington Trust, the largest bank headquartered in Rhode Island, recently provided $20,000,000 in commercial real estate financing to Highwood Investors, LLC, an affiliate of BPG Properties, Ltd.
Read more...Pembrook Arranges Financing for a Kansas City Apartment Rehabilitation Project Through Acquisition of $32 Million Tax ...
NEW YORK, Feb. 2, 2012 /PRNewswire/ --Â Pembrook Capital Management, LLC (Pembrook), a commercial real estate investment manager that provides financing throughout the capital structure including first ...
Read more...Jerry Chautin: Commercial Mortgage Bankers Are Doing Deals As the Real Estate Market Breathes New Signs of Life
Rental apartments are back in demand, financing for hotels and motels is loosening up a bit and investors are stepping off the sidelines with wads of cash to do deals.
Read more...What to Do To Find the Right Florida Commercial Real Estate Property
Investing in Florida commercial real estate can be a little bit tricky. It does not only face a lot of competition and property options, finding the right mortgage lender in the state can be quite difficult too.
Read more...REIT investing -- Best New Money Moves
You'd think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, ...
Read more...