Modules
Residential and commercial mortgages both have their pros, cons, and things you need to now. In this video Rod gives you an in depth explanation of both, explaining the varying terms, interest rates, and ability to qualify. You’ll learn how commercial properties rely heavily on the property’s ability to cover debt and still cash flow, and not as much on the borrower like in a residential mortgage.
Rod also explains what a balloon payment is, and what you’ll typically need to do when it comes due. After that you’ll learn the typical fees associated with commercial mortgages and how much they are on average.
Lastly, you’ll learn the differences between recourse and non-recourse debt, including what “bad boy” clauses are.
In this video you’ll learn:
• Breakdown of residential mortgages
• Breakdown of commercial mortgages
• Commercial mortgage balloon payments
• Typical commercial mortgage fees
• Recourse vs. non-recourse debt
• CMBS (Commercial Mortgage Backed Securities) Loan
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