1003: Standard mortgage application form submitted by most brokers Accommodation mortgage: Taking a junior lien position on collateral with little or no equity remaining Amortize: Term of loan upon which payments are calculated Appraisal: Inspection performed on subject property to ascertain its value Approach to value: Appraisers may use three approaches to value – income […]
Category: Commercial Mortgage Broker FAQ
A Common Commercial Mortgage Broker Question
At Apex Mortgage we are asked many questions from mortgage brokers but the most common question I get is “What is APEX’s sweet spot for loans?” It is not so much the property type but more the borrower. We lend to borrowers who are unable to qualify for bank financing. The situation may be due […]