Core Mortgage Financial's (core1020) Blog

Condo financing has been even more difficult to complete from one year ago. The main reason is the significant amount of foreclosures and lack of the Association financial strength. Fannie investor rule implementation requirements are very strict. I am having an issue with one loan right now due ...

Construction financing for residential properties has become very difficult. Most lenders have stopped doing CP (construction to permanent loans) due to the large amount of homes for sale. The construction financing for these projects has dried up for both clients and builders. Developers are see...

Mortgage Rates in Naples, Florida I have been serving hundreds of clients with quality of service in mind with every transaction. It is very important to find a mortgage company that will work hard for you. Why clients choose CORE Mortgage Financial over local banks.   Better mortgage rates We co...

Mortgage Broker In Naples Florida. We provide financing for all residential and commercial properties. I have been serving hundreds of clients with quality of service in mind with every transaction. It is very important to find a Mortgage Broker that will work hard for you. Why clients choose COR...

  NO INCOME/ NO ASSET/ NO EMPLOYMENT LOANS These type of loans still do exist in today's market. They are primarily geared for people that cannot get financing but either have equity or putting a large down payment. I do not recommend these loans to my clients unless they plan on paying off the l...

Rates - APR - Points - Fees: How the Playing Field is Still "Crooked" I talked to a client today who was shopping me against some other lenders. I don't blame people, and frankly if I think someone else has a better offer and they are legit, I advise "my client" so and have no hard feelings. In t...

I am having a tough time getting SBA loans approved.  The Small Business Administration has delivered 36% fewer loans than in 2008. The SBA offers banks guarantees on the money they lend to qualifying small businesses. If the borrower defaults, the government pays the bank back a portion of the l...

I do not understand how REO agents and lenders can FORCE a prospective buyer to get pre-qualified for a mortgage with their selected lender. This practice drives me crazy. I recently had a buyer call me after the deal feel apart with the selected lender. He went through the loan process and was g...

 I recently completed a refinance of a shopping center. The program is stated income with a  Debt service coverage ratio of 1.25. The loan program is seven years at 6% amortized over 25 years. I have stated income stated asset commercial loans available! : DSCR = Annual Net Income + Amortization/...