Complete Labor Law Poster for $24.95
from www.LaborLawCenter.com, includes
State, Federal, & OSHA posting requirements

Announcement

Collapse
No announcement yet.

Do mortgages for income property differ? Illinois

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Do mortgages for income property differ? Illinois

    Are there any major differences in a mortgage for a small apartment complex as versus the usual homeowner mortgage?

    I believe mortgages for income property have higher rates, and tougher rules for after foreclosure. Are there other important differences, or not?
    Table Linen Internet TV online

  • #2
    I believe this poster may be trying to advertise the website listed. The person has two other threads they started where one is how to cover up their debts & the other is looking for parts for a Mercedes. (Just a FYI)
    http://www.laborlawtalk.com/showthread.php?t=178218
    http://www.laborlawtalk.com/showthread.php?t=178216
    Last edited by Betty3; 08-05-2007, 01:48 PM. Reason: add other threads
    Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around. Leo Buscaglia

    Live in peace with animals. Animals bring love to our hearts and warmth to our souls.

    Comment


    • #3
      If you are looking to get financing for a apartment complex, you should look into commercial loans. They have a lot of advantages vs. a residential mortgage.

      Comment


      • #4
        Yes i agree with the last post

        A commercial mortgage provides a venue for financing a real estate purchase without tying up short term credit or large sums of cash that may be better utilized for other business purposes.

        Also like a residential mortgage, once you have a commercial mortgage you may apply for a second mortgage when your property has accumulated sufficient equity that may be put to better use, such as a source of funds for financing growth opportunities.
        Loanskey - the pioneer service provider in mortgage loan and personal loans in UK

        Comment

        The LaborLawTalk.com forum is intended for informational use only and should not be relied upon and is not a substitute for legal advice. The information contained on LaborLawTalk.com are opinions and suggestions of members and is not a representation of the opinions of LaborLawTalk.com. LaborLawTalk.com does not warrant or vouch for the accuracy, completeness or usefulness of any postings or the qualifications of any person responding. Please consult a legal expert or seek the services of an attorney in your area for more accuracy on your specific situation.
        Working...
        X