Dually Licensed Michelle
Dually LicensedForum Replies Created
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Here’s a baby monkey abandoned by its mother. These are loving ❤️ little monkeys and seems like it makes great housing companions and pets.
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50% of the Pacific Palisades Wildfire victims are planning on leaving the state of California. Many people from Pacific Palisades wildfire don’t have insurance. Rebuilding is going to be out of the question. Pacific Palisades Wildfire residents plan on moving permanently to states like Tennessee, Florida, Alabama, Texas, Connecticut, Virginia, Kentucky, Wisconsin, Idaho, and Arizona.
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Officials said at least 24 people have died in the Southern California wildfires, while Santa Ana winds are expected to make the battle more difficult. Plus, some facing the prospect of losing their homes are taking extraordinary measures to save their property. And with more than 12,000 structures destroyed by the California wildfires, many now face the challenge of finding a place to live.
KTLA’s David Lazarus spoke with the Los Angeles County tax assessor to find out what happens to the mortgages and property tax assessments of homes that were destroyed in the Palisades and Eaton wildfires. Jan. 13, 2025.
https://youtu.be/HjQodiMNDn4?si=jWFZMei2hA_aDSeE
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This reply was modified 3 months, 3 weeks ago by Michelle.
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This reply was modified 3 months, 3 weeks ago by
Sapna Sharma.
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This reply was modified 3 months, 3 weeks ago by
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Congratulations 🎊 👏 💐 🥳 🎊. You’ll di great 👍
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How to Find the Best Rates on Commercial Loans
Commercial loans have their interest rates varying from lender to lender, depending upon borrower qualifications, property type, and market conditions. Here’s how you can look for the best rates and maximize your chances of getting the best mortgage rates possible:
Where Can You Get Competitive Rates on Commercial Loans?
Conventional Banks
- Pros: Provide low interest rates for eligible borrowers.
- Cons: It requires excellent credit, ample paperwork, and high deposits.
- Best For: Long-standing businesses with strong finances and proven economic stability.
Credit Unions
- Pros: It charges lesser fees and has reasonable rates compared to banks.
- Cons: Offer loans only to members, and they tend to have less money to repay.
- Best For: Local businesses or investors eligible for memberships.
Online Lenders
- Pros: Applications are now easier, funds can be received quickly, and property is not the only qualification standard.
- Cons: Higher rates tend to apply to higher-risk customer types or with less common property.
- Best For: Individuals who want to fill out applications and get loans quickly.
Private Lenders
- Pros: More generous loaning terms and not shy away from unique or high-risk scenarios.
- Cons: Tend to charge higher interests and shorter loan periods.
- Best for: Investors looking to buy and renovate properties or companies seeking loans to manage their cash flow.
SBA Loans- Small Business Administration
- Pros: Greater loan periods with fixed rates (up to 25 years).
- Cons: It has an extensive application process that requires great documentation.
- Best For: Business owners who seek to buy a new or refinance an already owned property.
Mortgage Brokers
- Pros: Provides numerous lenders to choose from and allows for high negotiation competition
- Cons: Fees must be paid, and the terms mostly rely on the broker’s knowledge.
- Best For: People looking to borrow and wish to have numerous options from many lenders.
How Are Commercial Loan Rates Priced? Key Factors Influencing Rates
Loan-to-Value Ratio (LTV):
- A lower LTVD of 65%-75% gives an upper hand as loans are cheaper.
Debt Service Coverage Ratio(DSCR):
- Higher covering ratios equal better risk.
- If the ratio is higher than 1.25x, it is best for rates.
Credit Score:
- Good payment terms can likely be secured if the borrower or the person guaranteeing the loan has a 700+ score.
Property Type and Use:
- Gas stations, hotels, and other specialized property types, such as multifamily and office buildings, often entail higher rates than expected.
Loan Term:
- Long-term loans last 20-30 years, while short-term loans last 5-10 years.
- As expected, shorter is better for the rates.
Market Conditions
- These are the general factors affecting loans and the rates ranging from the Federal Reserve policies to Treasury yields.
Financing-Loan Rates That Various Lenders Offer
Fixed Rates:
- The starting interest remains unchanged during the entire loan duration.
- It provides predictability.
Variable Rates:
- This rate type varies at specified intervals based on other market indices such as LIBOR, SOFR, and Prime Rate.
Hybrid Rates:
- Initially set for a specific range.
- For example, 5 years, and then becomes floating.
Best Possible Rate On Commercial Loans
- Refinancing With a Competitive Creditor
- Increasing Credit Score
- Aggregate existing debt, settle collections and ensure no new debts accrue.
Lowering Loan To Value Ratio LTV
Shake off a bigger down payment or more collateral.
Increasing Debt Servicing Coverage Ratio DSCR
Raising the property or lowering the business costs will achieve this.
Explore The Entire Market
- Investigating Lenders
- Don’t worry about visiting banks, credit unions, or online lenders.
Brokers
When using a broker for commercial mortgages, you can get better rates and more products from the market.
Go With a Government Sponsorship Loan
- Small Business Administration 504 Loans.
- These loans are generally available at competitive rates for fixed assets such as buildings.
Small Business Administration 7(a) Loans
SBA 7(a) indiscriminately caters to any business requirement, and real estate procurement is one of them.
Talk It Out
- Rate Buydowns
- If you are at Mari Mart, you can opt for an upfront point payment on the rate, which will lower borrowing costs as you negotiate terms with the lender.
Fees Reduction
Lower original costs by paying less application, origination, and appraisal fees.
Keep an Eye on the Market
Don’t take loans when interest rates are high. Wait until they drop.
If you think interest rates will rise, set a rate early.
Proof of Income
Include all necessary documents like tax papers, bank account balance sheets, and profit and loss graphs.
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Provided below are the highlights from the US National news, business, and economic news dated 23rd to 28th December of 2024:
US National News
TSA Holiday Surge Announcement:
- According to TSA reports, the passenger aircraft load has approached pre-COVID levels as several families traveled to spend the holidays together, marking a TSA surge.
Weather havoc around the Northeast:
- Severe storms around winter, affecting the Midwest to the Northeast, led to several power outages and disruptions in travel.
- Several authorities issued advisories permitting harsh travel conditions.
Political scene shift:
- The budget for the following year and potential government funding are actively discussed.
- Bipartisan talks are ongoing, recognizing areas such as infrastructure and healthcare that need stabilization.
Business Highlights
Retail Sales Increase:
- Heavy online shopping marked the holiday season, and several retailers reported hefty sales, which contributed to an optimistic forecast for the upcoming year.
Corporation Earnings
Most companies exceeded expectations when it came to their quarterly earnings reports. Several businesses within the technology and consumer goods sectors saw steady growth, showcasing the economy’s good health.
Market Trends
Mixed economic information again made stock market trading choppy. Still, three of the four major indices registered a weekly gain. Investor confidence remained slightly optimistic regarding 2025.
News Related to the Economy
Mortgage Trends
- Economic news pointed towards the possibility of less heating inflation, which further prompted a drop in mortgage interest rates to 6.25%.
- During this period, many homeowners showed signs of refinancing.
Employment Trends
New jobless claims dropped to a three-month low, indicating a healthy job market. Economists seemed more than confident about the continuing job additions trend as the economy gears into a new year.
Trends In Inflation Rate
Recent reports further suggested that inflation pressures were softening, which was good news for economic growth and made it rather optimistic. These days, market analysts are watching consumer prices closely for directional guidance on future Fed actions.
Between December 23 and December 28, 2024, the US witnessed a combination of holiday-related news, very good business performance, and promising economic indicators. Inflation, the employment rate, and political deal-making were to blame as the US began preparing itself for a new year.
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Can you give examples of specific laws in red states contrasting California’s?
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The claims made against former Congressman Matt Gaetz regarding unpaid underage sex are of different types, and investigations are ongoing. A few broad strokes regarding the available evidence are summarized below:
Investigative Reports
Federal Investigation:
The Justice Department initiated the investigation into Gaetz about the allegations regarding child prostitution. Reportedly, this included investigations into his interactions with young women.
Witness Testimonies
Associates’ Testimonies:
Certain witnesses are said to have come forth and provided testimonies regarding Gaetz’s interactions and relationships with young women, some allegations involving underage children. However, the particulars of these testimonies have not been conducive in the public domain.
Digital Evidence
Communications:
Investigators have examined Gaetz’s text messages and social media activity to gain information about the allegations.
Allegations from a Former Associate
Joel Greenberg:
Joel Greenberg, a former associate of Gaetz, has been reported to be the primary party in the investigations. Pleading guilty to several counts, including the sex trafficking of a child, Greenberg has agreed to cooperate with federal agents. He may be able to point Enriquez towards analyzing Gaetz and his actions.
Claims and Reports Made in Public
Media Investigations:
Several media houses have circulated accusations, including Ms. Gaetz’s interactions with several young women, and Ms. Gaetz has also denied their publication. Nonetheless, asylum seekers provide much of this information, which is novel or pending verification.
There are a variety of allegations, including some that come with further proof; however, most of these allegations have remained sealed due to ongoing investigations. All allegations against Gaetz regarding underage sex have been denied by him as well; there have been no charges pressed against him either in this regard. However, this situation is still evolving and is expected to get clearer with time.
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The level of activity often exhibited by different communities operating on these forums tends to differ from one community to the other, but here is a summary of how active most forums mentioned above are:
Great Content Authority Forums: GCA FORUMS and Sub-Forums
Activity Level: Very active. Being a huge community, GCA Forums, powered by Gustan Cho Associates, has many active discussions, posts, and replies daily. This is a very active zone for real estate investors and consumers, which means that an array of advice and insights can be sourced from this site.
Reddit
Activity Level: Highly active. Numerous active users visit subreddits like r/realestate, r/personalfinance, r/mortgages, and others daily. Members of the community are active throughout the day, making new posts and comments and even replying to existing ones regularly. They are responsive and can give you answers in no time
Non-QM Mortgage Lenders Online Community
Activity Level: Moderately active. This forum’s community is comparatively smaller than some of the other forums, but it still has a good number of people. The activity in these communities may vary depending on the issues, such as rising mortgage interest rates or even the housing market.
Credit Karma Community
Activity Level: Moderately active. The credit karma credit scores might be less popular. This is because they revolve more around loans; hence, the community is good for them. They may not, however, post as much as they do on other platforms. However, it is still a decent platform for sharing experiences and advice from other consumers.
ConsumerAffairs
Activity Level: Moderate. There are often threads here thread regarding experience with lenders and products. Although the activity may be inconsistent, there is an adequate supply of reviews and comments most of the time.
Zillow Advice
Activity Level: Varied. The FAQ section of Zillow has been observing evolution but is less likely to be as busy as it used to be; the section still captures some useful information in addition to interaction with several users in the past.
In general, sites like Great Content Authority Forums, aka GCA Forums and Sub-Forums, and Reddit are some of the most dynamic, making it possible to have rich interactions concerning real estate and mortgage affairs. Other forums like Credit Karma and ConsumerAffairs are important resources, too, but with fewer activities. Ideally, engaging in forums with more activities increases the chances of faster replies and a wider variety of opinions.