Understanding Commercial Mortgages  

Simply defined, commercial mortgages are loans given to businesses so they can buy a commercial property. It’s quite different from residential mortgages in many ways, but more particularly on its interest rate and loan-to-value ratio. 

 Commercial Mortgages

Essentially, the loan-to-value ratio of commercial mortgages is lower than that of residential mortgages. This means a much lower amount from the total value of the property is covered by the loan. And as far as the interest rate is concerned, that of the commercial mortgage is higher than the residential mortgage. 

Important Notes on Commercial Mortgages  

Many businesses take on a commercial mortgage to expand their operations. Some entities do it to purchase properties such as hotels, retail outlets, warehouses, and the like. These mortgages usually have a term of 3 to 25 years, but on the average, 15 years. If it is not paid on time, then the property purchased will be at risk. 

Banks and lenders that offer commercial mortgages follow a set of criteria for qualifying their buyers. Like individual buyers, they will also check the positive personal credit rating of the business to determine if they are creditworthy.  

The Process of Approval  

Banks and lenders have the last say when it comes to approving the loan request of a business entity. They will also be the one who will set the interest rate and the loan-to-value ratio of the mortgage. They may also possibly approve businesses with an adverse credit history but that’s going to be solely at their own discretion.  

Their decision will normally depend on the current business circumstances of the commercial borrower. They’ll determine if the business is stable or profitable enough to be granted the loan. The lender may request additional documents such as long-term financial projections and a showcase of financial capability to indicate that they have the ability to make on-time loan payments. 

Making the Loan Application Process Simpler  

There are professionals whose expertise lies in making borrowers look good in front of lenders. If there’s a mortgage broker for individual buyers, then there’s a commercial mortgage broker for business entities as well. Their role is to help businesses in the same way that they help individuals in order to be successfully approved for the loan.  

Finding the best deal is crucial when it comes to commercial mortgages. This is why you need the help of brokers because they can match you with the right lenders. They will help find the lender that would work best with your financial standing and match you with the one that offers the ideal interest rate and term of the loan.  

Are There Fees to Be Paid? 

There are different types of fees charged whenever you apply for a loan. Some of these fees are arrangement fees, valuation fees, and legal fees. It pays to understand everything about each of these as they will add to the total amount that you’ll pay for.  

Talk to a mortgage broker so you’ll be guided accordingly. Businesses will benefit best from the partnership as it can be a start of a long-term relationship, not just one mortgage loan but several more.  

 

 

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7 Car Emergency Measures  

When you are in a road trip you want to ensure that you’ve got everything covered for an emergency. You don’t exactly relish in the idea that you’re in an unfamiliar road in the night without anyone to help you on sight. That’s is why when you embark on a road trip you should prepare for any sort of emergency.  

Emergency Measures

In this article, you will learn what you should prepare when you embark on a road trip in the event there is an emergency.  

Emergency Numbers 

You should save the numbers of who to call in case there is an emergency. You should at least have someone on call if you get into an accident. You can either have the contact number of towing Hillsboro company just in case your car broke down and there is no way for you to fix it yourself.  

Flashlight  

When you are alone on the side of the road, you don’t want not to have a flashlight, it is important for visibility purpose, so make sure you stash one in your car and make sure there are a couple of spare batteries for it. You can also bring one that is solar rechargeable for easy charging in the daylight.  

Food and Water 

You want to have a pack of food to snack on when you are waiting for rescue. An emergency can happen anywhere sometimes it could happen while you are in a convenient place or it could happen where there isn’t a single soul for miles. It is a good idea to pack food and water so that you don’t have to suffer while you’re waiting for help to come.  

Blankets  

You want to have a blanket on hand even if you don’t think you would need it. You never know when you’ll need to wrap yourself up in a bundle so, that would be a good idea to have in the car while you are travelling.  

Warning Devices  

You need to be able to warn other motorist what happen to you. So, you could avoid further collision from them. So, in order to do that, you might want to consider parking your car safely if you are able to do that, if not at least put a warning device to let motorist know what is going on.  

Tools

If you know a little about fixing your car, then you should make sure that you have the right tools to use, to ensure that you are able to fix your car without injuries. You can get bad cuts if you are not careful and you don’t want to have that extra problem with you.  

First Aid Kit  

In cases that you get cut or anything to you at least you have a kit to staunch the bleeding or at list help keep the wound clean to avoid nasty infections. So, make sure you have a first aid kit at the back just so you are covered on that front.  

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How to Make your Roof Last Longer

Roofs are essential to any house. It keeps the weather outside and it makes your house put together too. However, as all things sometimes they will wear down and you’ll have to tend to it while the problem is little or risk it by waiting and costing you more in the end. In cases like this you might want the help of experts for Columbia roof services to ensure that your roof can be the best possible version of it; it can be.

Roof replacement is an expensive deal so there is a need for you to take extra precaution to ensure that your roof last longer. You don’t want it leaking all over inside your home when the rainy seasons starts damaging your walls and possibly other units in your home because of it. Here are some tips you can do to make your roof last longer.

  1. No Overhanging Branches

If there are overhanging branches over your roof make sure to trim them out. This is so they don’t break and fall in your roof damaging it. Moss could grow in your roof and leaves can pile on it and rot there. Also with branches like this rodents and squirrels now have an access to your roof. Knowing the nature of this animals they can damage your roof with their constant contact to it and their gnawing.

  1. Yes Clean Gutters

Make sure to clean your gutters so that there are no roof rafters or roof sheathing rotting because of stuck up waters. Not, only that it can also ruined your side paint and your basement. So, take the extra effort to make sure that your house gutters are clean.

  1. No Moss

As mentioned before in the first point, you shouldn’t allow moss to grow on your roof. Moss you see can trap water in them. And you know what happens with the prolong exposure of water on your roof. Damages on it in a form of rots. Although some would be covered with an algae colored black this is different to moss. This type of algae is harmless to your roof and it can be rid off with a little bleach and water.

  1. Yes Listen and Look

This is an obvious attempt of inspecting your roof for any damages. Are there leaks in your homes, water stains or you hear loose shingles. If so you should definitely inspect it. Although there is no need to get into your hands and knees on the roof because you can use binoculars to do this.

  1. Yes Fixing Problem

You are an expert in your house after all you lived in there for a long time. If you notice something funny get it fixed immediately. If you can do it without aggravating the damage then you should fix a tiny problem with your roof before it becomes bigger. Call an expert if you don’t know how to fix it yourself you’ll be saving more that way.

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Party Ideas for a Unique Experience

It is known by now that most people have a love for a unique experience. And now it has come to us in a form of many style and taste, top of by a party bus Denver rental. It is a different experience alright, yet still stays elegant and unique in its own way. Whether it is a wedding or a just a party of relaxation, whatever kind of celebration this definitely will make the experience something to be remembered by all parties involved.

Whatever your taste on the matter it’ll surely be a kind of experience that will buzz for weeks on end, there will be a kind of party experience just for you. However, the unique experience comes from a dedicated planning and a soul that truly wanted to enjoy the party. No matter how great a party is, if you do not want it you cannot truly have the full extent of the experience.

Party List:

  1. Life Drawing Parties – this type of party is perfect for the artistic and have a fondness with charcoal pencils and canvass. It is a deviation from the common still life ones. This one will include a living model and it is a fun experience for the group. You and your friend can meet up in the studio or you can meet in party bus rental and have music and wine to loosen everyone up.

 

  1. Virtual Dinner Parties- this is perhaps one of the most unique experience out there well you’ll all be having dinner parties but here’s the catch of the party, you’ll have to wear those virtual glasses on, and enjoy another kind of enjoyment.

 

  1. Masquerade Parties- a common theme for parties but somehow something still fun to indulge in. It is perhaps something that has been done a million times. However, with the right planning and enough creativity you’ll have a great masquerade party of the year.

 

  1. Pet Pool Parties- this one are for those who have pets, and would like to have a relaxing day with them. This is another way to spend time with your furry pets and indulge in a little swimming with them. They have always brought laughter and so forth to us. It is time that we indulge them with a little activity that both you and your furry friends would enjoy.

 

  1. Themed Tea Parties – this one there is no limit to the themes you can play with. You and your friends can go all out crazy and still have fun with the tea party. You can dress up and have a theme that is not common in tea party or even an eccentric theme.

 

These parties are only a few of the activities you can do and attend. Something unique for a commonly droll event. It is a fun experience filled with memories and moments that you would want to relive for later. With the right kind of creativity and expertise you’ll have a unique experience to talk about for a long time.

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