Dax Dickson's (thecommercialfinancestore) Blog

FFannie Maesee Federal National Mortgage Association. Farmers Home Administration (FmHA)Provides financing to farmers and other qualified borrowers who are unable to obtain loans elsewhere. Federal Home Loan Bank Board (FHLBB) The former name for the regulatory and supervisory agency for federall...

EEarnest MoneyMoney given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment. EntitlementThe VA home loan benefit is called an entitlement (i.e. entitlement for a VA guaranteed home loan). This is also known as eligibility. Equal Credit Opportunity Act (E...

DDebt-to-Income RatioThe ratio, expressed as a percentage, which results when a borrower's monthly payment obligation on long-term debts is divided by his or her gross monthly income. See housing expenses-to-income ratio. Deed of trustIn many states, this document is used in place of a mortgage t...

CCash FlowThe amount of cash derived over a certain period of time from an income-producing property. The cash flow should be large enough to pay the expenses of the income producing property (mortgage payment, maintenance, utilities, etc.).Caps (interest)Consumer safeguards which limit the amoun...

BBalloon Mortgage A loan which is amortized for a longer period than the term of the loan. Usually this refers to a thirty-year amortization and a five year term. At the end of the term of the loan, the remaining outstanding principal on the loan is due. This final payment is known as a balloon p...

Mortgage and Loan Glossary AAccelerationThe right of the mortgagee (lender) to demand the immediate repayment of the mortgage loan balance upon the default of the mortgagor (borrower), or by using the right vested in the Due-on-Sale Clause.Adjustable rate mortgage (ARM)Is a mortgage in which the ...

Process Outline Step1 - Evaluate the project Using its proprietary software tools and commercial lending experience, Your Trusted Finance provides you with a free "Preliminary Financing Analysis" (PFA) that helps you identify a viable loan amount and financing structure.  Working with numbers dr...