Dual-Licensed Mortgage and Real Estate Professionals Michelle
Dual-Licensed Mortgage and Real Estate ProfessionalsForum Replies Created
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Josh Hammer Host of the Josh Hammer show, writer, and author. He’s also a Senior Editor at Newsweek.
President Biden has penned a farewell speech warning people that Donald Trump won’t fix the unity we need and could cause Civil War. He also gas lit the American people that he saved the economy, made life better and American’s richer. And that January 6th was the worst attack on Democracy since the civil war. Why is Biden going out with so many lies or is he trying to shape his future portrayal with a letter they can’t change
Journalist James O’Keefe got a high level pentagon official on camera saying many at the Pentagon are working to subvert Trump and Sabotage his presidency. Is this treason or at least something that needs to be rooted out?
I expected Democrats to be especially nasty towards Pete Hegseth. How do you think he handled himself and did Trump pick the right guy to lead the Pentagon?
Special Counsel Jack Smith after losing his case and bein told to end it, then releases all of his notes about Trump and how he wanted to attack the case as if everything was fact. Why would he do that, is it legal and was he trying to get this in the open to try to humiliate Trump or have it public in case Pam Bondi decides to investigate him?
Pam Bondi the Attorney General Trump wants seems to have held her own today in front of the senate. Of course the big topic seemed to be will you go after Trump political enemies and do revenge cases. Do you think they are worried she will come for them because of the crap they pulled the last 4 years or are they genuinely vetting her for the good of America?
Under Governor Gavin Newsom California has seen record fires. Almost all raged because Government was ill prepared. Under newsom $24 billion was spent on homelessness. Homelessness is up 40% and so are the number of government paid employees to fight homelessness. What is going on in California and what outcomes do you see from these horrible fires on politics in California?
What are your thoughts on the news today there is going to be a swapping of hostages from Hamas and a genuine cease fire with Israel.
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What happens when a domesticated little pet monkey and a wild monkey meet? Watch this video clip
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Pierre and Elaine are the founders of the wildlife park at Saint-Martin La Plaine in France. They are in charge of several thousand square meters of land that is home to more than 850 animals. But their lives changed dramatically on 27 October 1998. In 1998, Pamela, a female gorilla, gave birth to the little Digit, whom she refused to feed. Pierre and Elaine decided to separate Digit from her mother and to bottle-feed her. And so they became her adoptive parents. However, in 2003, the scenario was repeated when Digit’s little brother Gincko was born. Pierre and Elaine now have two gorillas in their home. https://youtu.be/T_7YdXj25x0?si=W3NKXxAe7KG8rnmY</
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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.
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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.
