by Steve Abo | Jan 13, 2021 | Real Estate
Home Appraisal According to the National Association of Realtors, 18% of real estate contract delays resulted from appraisal issues as of June 2020. This comes second to issues related to obtaining finance, which account for 37% of real estate contract delays....
by Steve Abo | Jan 8, 2021 | Real Estate
No-Doc Mortgage No-doc mortgage, also known as no-income or stated-income mortgage allows an applicant to qualify for lending using non-standard documentation. A no-doc mortgage does not require income verification from the borrower. Instead, lenders approve this...
by Steve Abo | Dec 31, 2020 | Uncategorized
Commercial vs. Residential Lending In an effort to diversify their portfolio, many residential mortgage originators are eyeing the commercial real estate market. However, many originators are new to the commercial market and do not know how to penetrate it or what to...
by Steve Abo | Dec 15, 2020 | Small Business Loans
How to Qualify for Small Business Loans in Los Angeles There are many options you can use to secure funding for a small business. One of the most successful ways is getting a Small Business Administration (SBA) Loan. These are the best loans for financing small...
by Steve Abo | Nov 30, 2020 | Real Estate
What Lenders Look for in Commercial Real Estate Loans Small business owners and investors use small commercial properties nationwide to support and run their businesses. These types of assets are quite valuable especially when you need a loan to help realize your...
by Steve Abo | Nov 9, 2020 | Credit Score
Average Credit Scores Rise Amidst the Coronavirus Pandemic FICO, an organization that tracks one of the most important metrics used by lending institutions has reported an increase in credit scores at the verge of the Coronavirus pandemic. According to FICO,...
by Steve Abo | Oct 31, 2020 | Private Money
When you’re a private lender like we are, you get to set your own rules. That’s much different compared to traditional lending in today’s marketplace. Here in the United States, the most common home loans issued are those approved using standards set forth by Fannie...
by Steve Abo | Oct 15, 2020 | Investment Loans, Real Estate
Private lenders have their own language used in the mortgage approval process and if you’re new to real estate investing we’d like to take a moment to review some commonly used terms you might hear during the course of your loan approval. Abstract: Also referred to as...
by Steve Abo | Sep 30, 2020 | Investment Loans
Cross-collateralization is a term used to describe a loan that is collateralized with multiple properties. One loan with multiple recorded liens. Most investors prefer the term “blanket loan” which essentially means the very same thing. One loan attached to several...
by Steve Abo | Sep 15, 2020 | Investment Loans
You know that we take a different approach when we review an application, either generated by a mortgage lender or broker, a real estate agent or directly from the ultimate borrower. If you’ve never applied for a loan from ABO Capital and are curious how we finance...
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