- NEW!
by Scott D - ex-QnA on October 3rd, 2008
LOL
Back in the day when NINANE (No income/No assets/No employment) loans were available, you might have, provided that you had 10% down and a credit score over 720.
Today, you could have an 800+ score and a bullion in cash, and you would still be viewed as a pariah.
How quickly you forget. Banks don't even lend to other banks today. We are in a liquidity crisis.
by Hooper on October 3rd, 2008
Not likely, but you never know until you try.
by Jack Scotty on February 17th, 2005
In order to get a commercial loan you would have to prove that your business and the location of the property will cause the business to prosper well enough to pay the mortgage. Secondly, a commercial lender wants to see an exit strategy as a determination of how the loan will get paid off in the event of a business failure.
by DARON J on November 29th, 2004
It would be tough. But if you have a large enough down payment it is possible.
I have a 70,000 loan with 8% fixed interest rate but my payments are from 640.00 to 798.00 one was 815.00 is this right?
by jammnwright on August 25th, 2010
| 1 person likes this
how do you get this application for the Hamp Program for saving your mortgage?
by londa1017 on June 8th, 2010
| 1 person likes this
The CFPB: Not Everyone is an Attorney?
by mdGreg on September 17th, 2010
| 1 person likes this
Did you refi, now that rates are at rock bottom?
by Piano Player on June 20th, 2010
| 1 person likes this
What is mortgage?
by bonezip on June 9th, 2010
| 1 person likes this
You're reading If I'm currently unemployed, would a bank be likely to give me a commercial loan to buy income property?
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