Commercial Loans

Stonebrook Mortgage is one of the few brokerages that also is versed in commercial loans. We have a wide array of lenders who provide commercial lending that include:
 
· No documentation on the borrower with 620+ credit score

· Rates that can rival banks without the depositary relationship or regular full documentation needed on the client and property

· As low as a 580 credit score with full documentation

· 30 year amortization and interest only products to help increase your cash flow

· No limit on cash-out and high LTVs

Call me today to run your commercial investment interest by me!

Are you worried about your credit history? Just about everyone has something in their past credit that is less than perfect. The most important thing is to learn what is on your report, determine what impact that information has on your credit rating, and work on repairing and restoring any damage that may have been done.

Credit scores range from 350-850.  Most people are somewhere in between.  Downpayment and credit score are two of the top factors when determining the interest rate you will receive.  
     
Even if you have less than perfect credit, we can outline what options are available to you given your full financial picture.  If you decide you are not satisfied with this type of financing, then together we can map out what you need to do with your credit and finances for the next six to twelve months in order to qualify for the interest rate you want.

There are three main credit bureaus that most creditors (such as credit card companies, banks, leasing companies, etc) provide information to on a monthly basis. Each month, your credit holders report information to the credit bureaus about your current balance, minimum payment requirements, and credit history. If you need specific information from one of the major credit bureaus, following is the contact information for each of them:

Experian Information Service (XPN)
PO Box 2002
Allen, TX 75013
(888) 397-3742

TransUnion (TUC)
PO Box 1000
Chester, PA 79022
(800) 916-8800

Equifax Information Services (EFX)
PO Box 740243
Atlanta, GA 30374
(800) 685-1111

FREE ANNUAL CREDIT REPORT
If you would like to review the items in your credit report, visit www.annualcreditreport.com to receive account information. Note that if you would like to receive a credit report with your scores, contact me directly.  Credit scores vary based on who pulls your credit report (credit card company, auto loan, consumer credit, mortgage loan), so if you're going to pull it, let's make it count!  The scores generated if you pulled it yourself will be different than when a mortgage professional pulls your report. This is because the report is generated based on what kind of risk is being taken. A credit report pulled for a mortgage loan will generate lower scores because it is assuming the most risk.

Helpful Links

Idaho Housing & Finance Association

Homebuyer Guides

Credit Report Dispute