Much of commercial loan underwriting can be boiled down to just several financial ratios:
1.DEBT RATIO:Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income.
THIS RATIO SHOULD BE NO HIGHER THAN 43% THE LOWER THE BETTER
2.Loan-to-Value Ratio: This is the ratio that makes sure that the commercial property is worth more than the amount of the loan.
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3. DEBT SERVICE COVERAGE RATIO (DSCR): The most important ratio in all of commercial mortgage underwriting is the debt service coverage ratio.
The debt service coverage ratio is defined as the Net Operating Income (NOI) divided by Annual Debt Service on the proposed loan.
4. NET WORTH TO LOAN SIZE RATIO: This ratio makes sure that the borrower is wealthy enough for the amount of the loan in question.
Example The loan is 10 million and the borrower net worth is 250,000
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Because Dr. Janell McKenzie a Mortgage Loan Officer National Mortgage Licensing System #1185425 and retired chiropractic AL #1191
has done the research you need to have a no worry approach in getting your loan.
WHAT TO EXPECT FROM THE DIRECT LENDER THAT DR. McKENZIE RECOMMENDS
NO UPFRONT COST OR OBLIGATIONS, COMPETITIVE RATES AND TERMS, FOLLOW UP WITHIN 1 BUSINESS DAY
The most useful part to borrowers is that you can repeat this process for free until you have the right commercial loan.
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Thanks Dr.McKenzie for sharing this important information