For most residential loans, if the lenders want to sell

the loans to Fannie Mae or Freddie Mac. They have to follow the GSEs guideline.

For Commercial loans,
1)It focus more on the Debt Coverage Ratio(the income of the property, not the owner). Bank checks whether the property can produce 1.1 to 1.25 times of the mortgage payment each month.

2)At lesat 10% down payment(some of them 30%).

3)Loan term will be ARM(like 5 or 7 yrs or 10 yr fixed)

4)It usually have prepayment penalty(deescalating, like 5% 1st year, 4% 2nd year, etc).

所有跟帖： 

• 太对了.谢谢您!银行也要偶的租客的租约.可能就是这个原因. -MrsKwok- ♀ (97 bytes) () 03/17/2009 postreply 21:27:25

• 回复：太对了.谢谢您!银行也要偶的租客的租约.可能就是这个原因. -CaLoanAgent- ♂ (51 bytes) () 03/17/2009 postreply 22:56:23

• thanks again -mrskwok- ♀ (0 bytes) () 03/18/2009 postreply 08:38:57