Is a Bridge Loan Right for Me?
If you’re in need of money, you may be considering a bridge loan. Bridge loans are most commonly used when investing in real estate, but they also serve an important purpose for borrowers in certain positions. To learn more about bridge loans and to determine if they are right for you, continue reading this blog […]
We Specialize in Self-Employed Borrowers; Let Us Help You Today.
At Shop Commercial Mortgage, we specialize in self-employed borrowers. We know that borrowing as a self-employed individual creates challenges, but we can accommodate your needs. Let us help you today.
Hard Money Loans: A Quick Tutorial
If you have been interested in using hard or private money for your next commercial loan, you may have some questions about how this loan system works. Here is a quick tutorial on hard money loans:
What Can You Expect as a Self-Employed Borrower?
If you’re a self-employed borrower, you know how difficult it can be to earn approval for financing. However, at Shop Commercial Mortgage, we specialize in self-employed borrowers with less than perfect credit. We can help you get the loan you need, no matter your means of income or your credit history.
Get a Real Estate Loan with Bad Credit from Shop Commercial Mortgage
A poor credit score shouldn’t stop you from getting a real estate loan. It can be difficult to find loan providers who are willing to work with you when you have a less than perfect credit score, but that can all change with Shop Commercial Mortgage. If you’re in need of a real estate loan, […]
Private Money Lenders: The Ultimate Guide
Private money lenders are not commercial banks. They are very good at issuing loans for short-term uses by commercial customers, and residential borrowers in some cases. Some of the opportunities for private money include:
Three Changes to Credit Scores That Impact You
Credit is not the primary consideration for obtaining a loan with Shop Commercial Mortgage, but we wish to keep our customers informed of changes in credit reporting and how lenders use this information. There are three major changes; trended credit, credit utilization, and credit inquiries. Let’s look at each of them and how they may […]
The Difference Between Private Money Loans & Hard Money Loans
People may use the terms “hard money” and “private money” interchangeably when discussing loan options. Although there are similarities, there are also differences you should be aware of when choosing financing options.
Hard Money 101
Hard money loans, or private money loans, can sound intimidating. If you are interested in working with a hard money loan but are overwhelmed by the terminology, check out the following blog post on everything you to need to know about getting started with hard money loans.
How Commercial Real Estate Loans Work
When your business needs to grow, you will be entering the commercial real estate market. Part of the process, once you have an idea of the property you need, is to secure a commercial real estate loan. It may sound easy but it’s not quite the same as obtaining a mortgage for your home.