Commercial Loan Closing Costs

Loan costs may include legal and accounting fees, registration fees, appraisal fees, processing fees, etc. that were necessary costs in order to obtain a loan. If the loan costs are significant, they must be amortized to interest expense over the life of the loan because of the matching principle.

commercial real estate Interest Rates Today This calculator will compute the payment amount for a commercial property, giving payment amounts. Annual interest rate (%) GET TODAY'S RATE:. the cost of a licensed commercial property rather than a residential home or living space.

–(BUSINESS WIRE)–Rockport Mortgage of Gloucester, MA, announced today the closing of a $26.6 million. of Yale Acres will be completed over a period of 2 years at a total cost of approximately $53.

Efficiency adds layers of cost to the transaction. as many as half of the borrowers will abandon the process before the loan reaches the closing table. And this is for business that has already.

When obtaining a loan for operations or the purchase of assets. There are certain costs related to the loan other than the principal amount. The two most common fees are loan or origination fees and the interest charged on the outstanding principal itself. On construction or similar loans that are associated with an underlying asset [.]

contents written articles covering business Loan closing costs York-(business wire)-granite point mortgage Amortized transaction costs. Commercial real estate loan Retail shopping centers Best Refinance Loans We may receive compensation when you click on links to those products or services.

Buyers Closing Costs for Commercial Real Estate Purchases As a buyer you are able to, plus could, have it reported inside the contract that party is responsible for every expense at closing.

Tax Treatments of Closing Costs and Other Items When purchasing investment properties 14 april 2014 | by Cordasco When purchasing an investment property, most investors understand the closing statement (HUD-1) and the immediate financial impact each line item has to them upon purchase of the property.

10 Year Fixed Commercial Mortgage Rates WASHINGTON (AP) – Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve’s decision last week to put its interest rate hikes on hold for now. mortgage buyer freddie mac said.

Bankrate gathered data on closing costs from lenders throughout the U.S. Click on your state for a fee-by-fee breakdown of the average closing costs for a mortgage.

Qualifying for Multifamily Apartment Building Loans with Michael Becker - Episode #57 Closing Costs For Business Loans SBA Guarantee Fee. To offset the costs of its loan programs to the taxpayer, Origination Fee. An up-front fee charged by a lender for processing a new loan application, Title Insurance. "Insurance policy that protects the holder of a property from loss.

Best Refinance Loans

SoFi Disclosures. Student Loan Refinance: Fixed rates from 3.999% APR to 7.804% APR (with AutoPay). Variable rates from 2.480% APR to 7.524% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms.

Refinancing an auto loan isn’t the best choice for everyone, so you’ll need to carefully consider your current situation and whether a refinance can benefit you. In this post, we’ll not only cover the pros and cons of refinancing but we’ll also tell you some of the best places to shop for a new auto loan.

Private Commercial Loan 10 year fixed commercial mortgage rates (menafn editorial) abe mann Negotiated the Amount and Terms of the Mortgage Refinance. the best market rates. On behalf of his client, Abe Mann, Vice President at Progress Capital, secured a low.Commercial Building Mortgage Rates irish nationwide building society (inbs. Meanwhile, Fiona Reddan reckons AIB’s mortgage move – offering homeowners chance to lock in at 3.3 per cent rate for 10 years – suggests interest rates.1 Factor rate is the financing cost divided by the loan amount – but that’s not how traditional interest rates work. For example, if you pay 30 cents for a one-year loan of one dollar, your factor rate is 30% but is equivalent to a 55% interest rate! Factor rates can make short-term loans appear less expensive than a traditional interest rate would.

If you're ready to refinance your student loans, your search for the best lender is finally over. We compared banks and lenders across the.

. rates and look at rates from a few different banks to see which one offers the best deal. If they drop below the interest rate on your current loan, consider refinancing. It could save you more.

Refinancing federal student loans means you’ll no longer be eligible for an income-driven repayment plan or federal hardship programs, so refinancing is best suited for those with a stable income. You want to release a co-signer.

Commercial Building Mortgage Rates Where else can "Average Joe" become a banker in such iconic towers as the Woolworth Building, 123 Mission. the growth potential of the simple floating rate senior mortgage business plan. Limited.

We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. Our ratings are based on a 5 star scale. 5.

Refinance Rates Help. Enter the remaining balance on your current loan. If you know your credit score, select the range that your score belongs to. The best rates and terms go to borrowers with credit scores of 740 and higher, and borrowers in the 720 to 739 range can get very good deals, too.

Aside from its non-qualified mortgage refinance loans, New American Funding also offers 15- and 30-year fixed rate loans, a variety of adjustable rate loans, jumbo loans, VA, FHA, and USDA loans. Conventional loans are also available with down payments as low as 3% for those who qualify.

If you’re considering refinancing your mortgage, you are likely eager to find the lowest mortgage refinance rates.. But before you start shopping around for the lowest rates, experts say you should establish your objectives and prepare your finances to improve your chances of qualifying for the lowest interest rate.

Loan Me Commercial

 · Commercial loans, on the other hand, present the real possibility of. "In order to get share, the pricing competition has been fierce and it makes me worry that the credit standards aren’t as high.

Find out how to get a business loan and compare your loan options. Whether you need a quick loan, term loan, SBA express loan, or equipment financing, the convenience and reliability of a U.S. Bank business loan can service the unique finance needs of your business.

Commercial Real Estate Interest Rates Today – The commercial real estate interest loan rates for conventional loans usually fall below other commercial real estate loan rates. sba 504: The small business administration 504 loan has higher commercial real estate mortgage rates than the current market rate for five and ten-year loans, but it offers 90% financing of property value , which is.Commercial Building Mortgage Rates and that the L/A industry now holds approximately 15% of the roughly $3.14 trillion commercial mortgage debt in the United States. Growth rates of around 8.5% in each of the last three years have.

These can include updating technology and equipment, purchasing new inventory, paying for rent on a commercial space, hiring new employees, marketing your business, and even covering your everyday.

A commercial lending officer can work for or be backed by other financial institutions, but are most commonly viewed as intermediaries when pursuing commercial loan approval. If you hire a.

A source of mine from the financial sector has just shared with me a draft term sheet that the National Treasury has circulated to international commercial banks inviting participation in a new.

Submit to 700 commercial mortgage lenders and let them compete for your commercial loans and get the best commercial financing available for your real estate property.

Learn everything you need to know about using commercial loans to finance your business. Compare your options and apply to the best loan.

If you can’t get a business loan from other sources, the SBA might be a good option. Here’s how it works: The SBA guarantees loans from commercial banks that provide the capital for the business loan. Chase provides SBA loans. Chase is also a SBA preferred lender, which means we can process your loan application faster.

Commercial real estate loans from Wells Fargo help small business owners and commercial real estate investors get up to $750,000. Learn about our real estate financing options today.

That note, shared with Tribune Business, said: "It was very stressful to me not knowing where my family would end. The total value of non-performing Bahamian commercial bank loans peaked at just.

10 Year Fixed Commercial Mortgage Rates (MENAFN Editorial) Abe Mann Negotiated the Amount and Terms of the Mortgage Refinance. the best market rates. On behalf of his client, Abe Mann, Vice President at Progress Capital, secured a low.

Excludes Practice Solutions non-commercial real estate loans, Practice Solutions commercial real estate refinances of existing Practice Solutions loans, certain franchise lending program loans, Business Advantage products, multi-tier rate structures, leases, lines of credit, refinances of financially distressed loans, line of credit refinances.

Refinance Origination Fees

The average closing costs for a mortgage on a median-value home are $7,227 in 2019. These costs cover the many services, insurance policies and taxes required on a typical home loan. find out how much you can expect to spend on each of these items when you close a mortgage.

commercial building mortgage rates Where else can "Average Joe" become a banker in such iconic towers as the Woolworth Building, 123 Mission. the growth potential of the simple floating rate senior mortgage business plan. Limited.

Finally, don’t forget that refinancing your car loan typically comes with fees. These fees will vary depending on the auto lender you work with, but they can include an application fee, an origination.

The best refinance is the one that costs you the least over time, not the one that costs you the least today. Of course, some consumers will appreciate a lower cash obligation at closing. Some lenders make it easy to estimate closing costs early in the mortgage process, while others don’t disclose their fees until later.

Commercial Mortgage Lending Rates Commercial Building Mortgage Rates –(Business Wire)–Velocity Mortgage Capital, a direct portfolio lender dedicated exclusively to providing investment property loans, has updated its FlexPerm loan with a 30-year, fixed-rate loan..Please appreciate that these shown commercial mortgage rates are only guidelines and should not be construed as an offer to lend. When reviewing it is important to remember that they reflect variances on numerous levels and may differ by bank, line-of-credit, broker network, debt type, repayment option, and loan term option to name only a few key factors affecting commercial leveraging finality.

Closing Costs Explained Visually You can deduct mortgage interest- such as home loan origination fees, maximum loan charges, and loan discounts- through the point system. One point equals 1% of your mortgage loan amount. Points you pay (and even points the seller pays) when you purchase your home are generally tax deductible in full the year you pay them. In order to get the full deduction, you must:

Ellie Mae’s technology solutions enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and.

 · The best refinance is the one that costs you the least over time, not the one that costs you the least today. Of course, some consumers will appreciate a lower cash obligation at closing. Some lenders make it easy to estimate closing costs early in the mortgage process, while others don’t disclose their fees until later.

It is a part of the closing costs for the loan and may include other fees such as, loan application fee, credit report, survey, etc. As an example: If a mortgage loan is for $200,000 and the lender charges a 1% origination fee (1 point), the origination fee is $2,000. How to Negotiate a Lower Loan Origination Fee Shop Multiple Lenders

When you refinance your medical school student loans. Which leads us to prepayment fees, the fourth thing on our list.

Commercial Real Estate Interest Rates Today

With most banks offering interest rates at little more than 2 per. recent transactions and insights from valuers, real.

Commercial Loan Direct and CLD Financial, LLC are not liable for any index rate, commercial mortgage interest rate, or data entry errors that might affect the displayed index or commercial loan rates. Index and commercial loan rates may change at any time and without notice. The rates displayed in the graph may be a few days behind.

This calculator will compute the payment amount for a commercial property, giving payment amounts. Annual interest rate (%) GET TODAY'S RATE:. the cost of a licensed commercial property rather than a residential home or living space.

CDC offers detailed information on SBA 504 loan rates in previous months and years based on debenture pricing published by NADCO. Get the info you need.. "With interest rates low and building costs rising, the timing seemed right to buy our own building..". Buy or Build a Commercial.

Business Commercial Real Estate Loan interest rate discounts are available to business applicants and co-applicants who are enrolled in the program at the time of application for a new credit facility (excludes specialty lending products that receive customized pricing).

Private Commercial Loan Private business loans are a great funding option if you require cash for your existing business and you do not qualify for traditional business loans or do not have the time to wait through the lengthy bank loan process but you do require competitive rates.

– The commercial real estate interest loan rates for conventional loans usually fall below other commercial real estate loan rates. sba 504: The small business administration 504 loan has higher commercial real estate mortgage rates than the current market rate for five and ten-year loans, but it offers 90% financing of property value , which is.

I continue to believe that Apollo Commercial Real Estate Finance, Inc. (ARI) is a preferred income vehicle to hold in a rising rate environment. higher prime rates should translate into net interest.

The commercial real estate industry is very sensitive to interest rates and has, therefore, been supercharged by the extremely low interest rates of the past decade. The U.S. Federal Reserve cut.

– The commercial real estate interest loan rates for conventional loans usually fall below other commercial real estate loan rates. sba 504: The small business administration 504 loan has higher commercial real estate mortgage rates than the current market rate for five and ten-year loans, but it offers 90% financing of property value , which is.

Refinance Business Debt Your options to refinance business debt bank term loans and lines of credit: Some banks can refinance business debt as part of a larger loan. SBA loans: The U.S small business administration. alternative lenders: There are a variety of non-bank alternative lenders that are working.

Refinance Business Debt

The debt is currently on unreasonable terms; Refinancing the debt will significantly benefit your business Does my business qualify for a loan? To qualify for a SBA loan: The debt must be a commercial loan and incurred at least two years prior to the refinancing application or have a balloon payment. All payments for the prior 12 months must be.

Refinancing (or ‘business debt consolidation’) means consolidating multiple business debts into one, or changing one loan for another. The overall idea is that a business can swap expensive debt for more affordable debt, and give themselves a little extra breathing room in terms of working capital.

Commercial Mortgage Lending Rates Commercial Building Mortgage Rates –(Business Wire)–Velocity Mortgage Capital, a direct portfolio lender dedicated exclusively to providing investment property loans, has updated its FlexPerm loan with a 30-year, fixed-rate loan..Please appreciate that these shown commercial mortgage rates are only guidelines and should not be construed as an offer to lend. When reviewing it is important to remember that they reflect variances on numerous levels and may differ by bank, line-of-credit, broker network, debt type, repayment option, and loan term option to name only a few key factors affecting commercial leveraging finality.

SoFi helps members take control of their finances. From getting out of high- interest debt to managing your wealth, we are here to help you get your money right.

Commercial Real Estate Loan Refinancing: What It Means and Why Investors Do It Your options to refinance business debt Bank term loans and lines of credit: Some banks can refinance business debt as part of a larger loan. SBA loans: The U.S small business administration. alternative lenders: There are a variety of non-bank alternative lenders that are working.

Refinancing business debt simply means combining multiple business debts into one. It could also mean replacing one loan with another. The fundamental idea behind refinancing is to swap expensive debt for more affordable debt in order to give your working capital a little boost .

Refinancing Your Home loan: debt consolidation Loans and Cash-Out Refinance. as is paying off credit-card debt or financing a new business endeavor.

A non-profit lender, with people right here in your community who will work with you to to refinance your small business debt Business Loans to Refinance Small Business Debt small business loans from $50,000 – $4 million

You can find out more on loan options for business debt consolidation or refinancing. Figuring out the math also means determining whether the time you’d spend to refinance would be worth it.

Commercial Building Mortgage Rates Our commercial mortgage broker team specializes in developing flexible, innovative solutions with prompt approvals and exceptional customer service. We offer competitive interest rates from over 40 banks and lenders on a wide range of fixed rate, variable rate and interest only commercial mortgages.

By refinancing and consolidating your business debts, you can move your multiple monthly payments under one umbrella and pay a more affordable monthly.

The basis of business debt refinancing is the conversion of original debt, including outstanding or overdue amounts, into a new debt instrument. By paying off the current debt obligations with the new debt instrument, businesses can consolidate their debt and obtain better interest rates.

Private Commercial Loan

Commercial real estate loans from Wells Fargo help small business owners and commercial real estate investors get up to $750,000. Learn about our real estate financing options today.

Most private loans are short-term. You must show the property’s income potential and also create a realistic exit strategy. The real estate one seeks financing for acts as the loan’s collateral, and depending on the loan-to-value ratio, borrowers may need to cross-collateralize to obtain their full requested financing.

Private Term Lender: A private term lender will generally look to structure their term loan much like a bank would. For real estate, there is a chance the private lender may offer rates and terms and are similar to what a bank would provide for commercial real estate loans – although many private lenders usually seem to focus more on shorter term-higher rate bridge loans.

10 Year Fixed Commercial Mortgage Rates (MENAFN Editorial) Abe Mann Negotiated the Amount and Terms of the Mortgage Refinance. the best market rates. On behalf of his client, Abe Mann, Vice President at Progress Capital, secured a low.Commercial Building Mortgage Rates irish nationwide building society (inbs. Meanwhile, Fiona Reddan reckons AIB’s mortgage move – offering homeowners chance to lock in at 3.3 per cent rate for 10 years – suggests interest rates.

1 Factor rate is the financing cost divided by the loan amount – but that’s not how traditional interest rates work. For example, if you pay 30 cents for a one-year loan of one dollar, your factor rate is 30% but is equivalent to a 55% interest rate! Factor rates can make short-term loans appear less expensive than a traditional interest rate would.

Private business loans are a great funding option if you require cash for your existing business and you do not qualify for traditional business loans or do not have the time to wait through the lengthy bank loan process but you do require competitive rates.

Private Commercial Lenders. Private Commercial Lenders Reserving an extra property helps your family and close friends to savor the features on the 5 star hotel with the added benefit in the personnel’s community know-how and the ability to explore the surrounding area. Want to shell out two or three hours fully ingest this attraction.

Commercial Mortgage Lending Rates A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.

RCN Capital is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.

10 Year Fixed Commercial Mortgage Rates

These investments include, without limitation, residential credit assets (including residential mortgage loans), middle market corporate debt, Agency MBS pools, to-be-announced forward contracts, The underlying collateral for CMBS bonds are generally 5, 7 or 10year fixedrate commercial mortgages, and Agency CMBS feature a U.S. government agency guarantee.

The loan-to-value ratio on a typical apartment building loan will be between 75% – 80% and we offer fixed rates for up to 30 years. The loan-to-value ratio on a typical commercial mortgage loan will be 70% – 75% with terms up to 25 years.

Commercial Building mortgage rates Enjoy an appraisal fee waiver on commercial real estate secured loans. Loans that qualify must be between $100,000 and $2,500,000. Important rate and payment information disclosure expanded disclosure collapsed. Advertised as low as rate is effective as of June 14, 2018 and is subject to change.

Popularity of 10-year fixed mortgage rates. With only 7% of Canadians having mortgage terms between six and 10 years, long terms are not a popular choice in Canada. They are even less popular amongst younger age groups at only 3% uptake in ages 18-34. Fixed mortgage rates, however, are most common, at 66% of all mortgages in Canada with little variation amongst age groups.

Commercial Mortgage Lending Rates Commercial Building Mortgage Rates –(Business Wire)–Velocity Mortgage Capital, a direct portfolio lender dedicated exclusively to providing investment property loans, has updated its FlexPerm loan with a 30-year, fixed-rate loan..Please appreciate that these shown commercial mortgage rates are only guidelines and should not be construed as an offer to lend. When reviewing it is important to remember that they reflect variances on numerous levels and may differ by bank, line-of-credit, broker network, debt type, repayment option, and loan term option to name only a few key factors affecting commercial leveraging finality.

Prevailing market rates – Just like residential mortgage rates, commercial real estate loan rates fluctuate based on how the economy is doing. Most lenders provide both fixed rate and variable rate commercial real estate loans.

WASHINGTON (AP) – Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve’s decision last week to put its interest rate hikes on hold for now. Mortgage buyer Freddie Mac said.

. interest rate for first time since 2008 Fixed mortgage rates have already declined. There is often a misconception that.

(MENAFN Editorial) Abe Mann Negotiated the Amount and Terms of the Mortgage Refinance. the best market rates. On behalf of his client, Abe Mann, Vice President at Progress Capital, secured a low.

Compare 10-year mortgage rates and lender your preferred lender. The most significant drawback to a 10-year fixed-rate mortgage. Continue reading 10 Year Fixed Commercial Mortgage Rates. Currently commercial loan rates can vary between 3.360% and 12.000%+, depending on the loan product.

Contents Year fixed-rate mortgage commercial loan refinance commercial property purchase price Shoppers finally responded Rates business property mortgage Mortgage Rates Commercial Andrew Turner (pictured), chief executive at Commercial Trust Limited. Moneyfacts data reveals that in January 2013, the.

–(Business Wire)–Velocity Mortgage. 30-year, fixed-rate loan option for residential investment and small commercial properties. (Photo: Business Wire) FlexPerm offers investors an alternative to.

Commercial Mortgage Lending Rates

Lending for business. commercial mortgage. competitive rates available for owner-occupied or investment properties; Can be used to finance a wide range of.

Residential home loans can be negotiated to 15-year or even 40-year terms. When a housing market is very strong and lenders believe values will climb, even 50-year mortgages are offered. But the standard is 30 years. For a commercial loan, again because the risk is considered higher, a 10-year payout is typical.

How Your Loan Payments Are Calculated. Most commercial mortgage amounts range between $150,000-5,000,000. The interest rate on commercial mortgages is typically 4.25-6%. Rates vary based on how long you’ve been in business and what your credit score is. The higher your credit score, the easier it is to open the door to a lower interest rate.

Meet your financial goals with our fast financing and competitive rates and fees. With Rocket Mortgage by Quicken Loans, our fast, powerful and completely. have a Home Loan Expert who specializes in investment property mortgages.

Commercial Building Mortgage Rates –(Business Wire)–Velocity Mortgage Capital, a direct portfolio lender dedicated exclusively to providing investment property loans, has updated its FlexPerm loan with a 30-year, fixed-rate loan..

Please appreciate that these shown commercial mortgage rates are only guidelines and should not be construed as an offer to lend. When reviewing it is important to remember that they reflect variances on numerous levels and may differ by bank, line-of-credit, broker network, debt type, repayment option, and loan term option to name only a few key factors affecting commercial leveraging finality.

Commercial Mortgage Lenders - Commercial Mortgage Rates A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.

Average Rates: Approx. 5 to 7 %. If you’ve been in business for 2+ years, plan on occupying at least 51% of the building, and have a credit score above 680, you may qualify for a commercial real estate loan with northeast bank. northeast bank offers competitive rates & terms on loans up to $5,000,000.

Commercial Mortgage. Whether you’re moving to a bigger office or expanding to multiple locations, our Commercial Mortgage is a straightforward way to help spread the cost. Features and benefits. Apply for a minimum of £25,001 and choose a loan term from three to 25 years. Borrow up to 70% of the property value. In some cases we can lend more.

The Zacks Mortgage & Related Services industry consists of firms that provide mortgage-related loans, refinancing and other loan servicing facilities. The industry is somewhat dependent on the.

Commercial Building Mortgage Rates

For 2019, the average commercial real estate loan interest rate ranges from approximately 4% to 5%. Find out more about what the average commercial real estate loan rates are for different types of loans and projects.

–(Business Wire)–Velocity Mortgage Capital, a direct portfolio lender dedicated exclusively to providing investment property loans, has updated its FlexPerm loan with a 30-year, fixed-rate loan..

 · Average Rates: Approx. 5 to 7 %. If you’ve been in business for 2+ years, plan on occupying at least 51% of the building, and have a credit score above 680, you may qualify for a commercial real estate loan with Northeast Bank. Northeast Bank offers competitive rates & terms on loans up to $5,000,000.

and that the L/A industry now holds approximately 15% of the roughly $3.14 trillion commercial mortgage debt in the United States. Growth rates of around 8.5% in each of the last three years have.

A borrower with a $200,000 30-year fixed-rate mortgage at 5%, for example, would make 360 monthly payments of $1,073.64, after which the loan would be fully repaid.. commercial real estate.

Where else can "Average Joe" become a banker in such iconic towers as the Woolworth Building, 123 Mission. the growth potential of the simple floating rate senior mortgage business plan. Limited.

Irish Nationwide Building Society (INBS. Meanwhile, Fiona Reddan reckons AIB’s mortgage move – offering homeowners chance to lock in at 3.3 per cent rate for 10 years – suggests interest rates.

Our commercial mortgage broker team specializes in developing flexible, innovative solutions with prompt approvals and exceptional customer service. We offer competitive interest rates from over 40 banks and lenders on a wide range of fixed rate, variable rate and interest only commercial mortgages.

Commercial loans and apartment mortgages nationwide. Save with low interest rates, no points, and low closing costs. Offering apartment loans and commercial property financing nationwide.

Enjoy an appraisal fee waiver on commercial real estate secured loans. Loans that qualify must be between $100,000 and $2,500,000. Important rate and payment information disclosure expanded disclosure collapsed. Advertised as low as rate is effective as of June 14, 2018 and is subject to change.

Currently commercial loan rates can vary between 3.367% and 12.000%+, depending on the loan product. Keep in mind that all commercial loan quotes depend on several underwriting factors including the property and borrower location, loan-to-value (LTV), debt service coverage ratio (dscr), property usage (investment or owner-occupied), property type, and the borrower’s financial strength.