Loan calculations are a task well-suited for a computer program since they involve calculating a series of mathematical formulas. A program is faster than a person with a manual calculator and far less likely to make mistakes, especially with more complex loans. Furthermore, these calculations require the use of functions that may not be available…
The Federal Housing Administration (FHA) is a federal agency that sets standards for construction and underwriting in the United States. It also insures loans by private lenders for the purpose of building homes. The FHA’s mission is to improve housing conditions, provide a home financing system and stabilize the mortgage market. A Well-Rounded Loan Search…
When it comes to getting a loan, it may seem like heading to your local bank is the right choice. But for commercial real estate loans, the process can be very different. Not all banks work with these loans, and there may be significant differences on the qualifying amount, the fees and the interest rates you…
