Apartments Blog http://apartmentsmax.com Tips and information on finding an apartment or roommate online Thu, 05 May 2011 09:44:13 +0000 en hourly 1 http://wordpress.org/?v=3.0.5 Financing and purchasing apartment buildings by taking out mortgage loans http://apartmentsmax.com/2011/05/financing-and-purchasing-apartment-buildings-by-taking-out-mortgage-loans/ http://apartmentsmax.com/2011/05/financing-and-purchasing-apartment-buildings-by-taking-out-mortgage-loans/#comments Thu, 05 May 2011 09:44:13 +0000 jamesv http://apartmentsmax.com/?p=23010 Taking out an apartment loan is considered as one of the easiest way of financing a commercial property among other investment properties. Apartment mortgage loans are not much similar to the conventional mortgage loans that one takes out for buying a normal house. Usually those properties with more than 4 units are known as apartments and these are commercial properties with their own underwriting and funding rules and regulations. The ace mortgage loan lending organization Fannie Mae supplies a number of apartment mortgage loans. Just like taking out a traditional mortgage loan, a borrower must consider ‘how much house can I afford’ before taking out the mortgage loan. Read on to know more on apartment mortgage loans.

Are there any similarity between apartment mortgage loans and normal home loans?

The apartment mortgage loans and the normal mortgage loans share some particular things in common. Check them out.

* Up to 80% of the property’s value can be financed like normal home loans.
* You can take out an apartment mortgage loan with 30 year repayment term. The terms usually vary from 5-25 years.
* You need an exceptionally good credit score for taking out an apartment mortgage loan, like the normal home loan.
* If you suddenly fall back on your monthly mortgage loan payments, you can even take out a home equity loan or a second mortgage against your apartment building.
* The mortgage loan will have your property taken as the collateral.

What makes apartment loans different from normal home loans?

Though it is a fact that the apartment loans are secured by pledging the apartment building as collateral, yet they are more like commercial loans than normal home loans. Check out some ways in which the apartment loans differ from your home mortgage loans.

* You may get the benefit of lender recourse and therefore all your personal items will not be at risk in the event of a default.
* The loan origination fees can be staggeringly high. Sometimes the fees may even range from $4500 to $7500.
* If you prepay the loan, you may be subject to high pre payment costs like 20% of the loan balance. If you are keen on avoiding the penalty while selling off the property, you may even substitute a similar property as collateral but keep the loan against the property.
* You can take out apartment mortgage loans from corporations, trusts, partnerships and LLCs.

Thus, if you’re confused about the striking differences between the home loans and the apartment mortgage loan, consider the differences and the similarities mentioned above. Don’t forget to consider ‘how much house can I afford’ before deciding on the loan amount.

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]]> http://apartmentsmax.com/2011/05/financing-and-purchasing-apartment-buildings-by-taking-out-mortgage-loans/feed/ 0 $3,250.00 – Rancho Santa Margarita – EXECUTIVE 4 BD-3 CAR GARAGE http://apartmentsmax.com/2011/03/3250-00-rancho-santa-margarita-executive-4-bd-3-car-garage/ http://apartmentsmax.com/2011/03/3250-00-rancho-santa-margarita-executive-4-bd-3-car-garage/#comments Sun, 13 Mar 2011 00:40:16 +0000 Apartments Admin http://apartmentsmax.com/2011/03/3250-00-rancho-santa-margarita-executive-4-bd-3-car-garage/ $3,250.00 – Rancho Santa Margarita – EXECUTIVE 4 BD-3 CAR GARAGE

3-car Garage parking, quiet neighborhood, stove, microwave, dishwasher, yard, patio, air conditioner, central air, central heat, fireplace, washer and dryer hookups, washer and dryer in unit. Large Executive two story 4 Bedroom or 3 Bedroom with officeden. Grand room and formal dining area, kitchen with breakfast nook and adjacent family room. Rent includes all HOA dues and gardener services. Tenant pays all utilities, cable, etc. Will consider pets. No smoking house.Master and two bedrooms are upstairs.Large attached three car garage.Cental heating and air conditiong.Very desireable neighborhood, inside quiet track location. Paid gardener & association fees, Rent $3,250.00, Deposit 5200, Available 4111.

$3,250.00 – Rancho Santa Margarita – EXECUTIVE 4 BD-3 CAR GARAGE was found at WestsideRentals.com – Orange County Apartment Rentals and filed under California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/3250-00-rancho-santa-margarita-executive-4-bd-3-car-garage/feed/ 0 $1,275.00 – Huntington Beach – CLOSE TO OCEAN; SINGLE CAR GARAGE http://apartmentsmax.com/2011/03/1275-00-huntington-beach-close-to-ocean-single-car-garage/ http://apartmentsmax.com/2011/03/1275-00-huntington-beach-close-to-ocean-single-car-garage/#comments Sun, 13 Mar 2011 00:40:13 +0000 Apartments Admin http://apartmentsmax.com/2011/03/1275-00-huntington-beach-close-to-ocean-single-car-garage/ $1,275.00 – Huntington Beach – CLOSE TO OCEAN; SINGLE CAR GARAGE

1-car Garage parking, laundry on site, quiet neighborhood, stove, dishwasher, balcony, Bicycle to Beach. Large 2 bedroom, 1 bath, in Huntington Beach.Carpet, dishwasher and single car garage plus one additional parking space. FIOS & Cable Ready. Upstairs Unit. Close to ocean, bus line and shopping. NO PETS!! Laundry Room on premises. $1275 per month plus security. Water, Trash and gardener paid for. Please call for appt. Or drive by!! CALL TODAY!! Paid water & trash & gardener, Rent $1,275.00, Deposit 1375.00, Available 32611.

$1,275.00 – Huntington Beach – CLOSE TO OCEAN; SINGLE CAR GARAGE was found at WestsideRentals.com – Orange County Apartment Rentals and filed under California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/1275-00-huntington-beach-close-to-ocean-single-car-garage/feed/ 0 $1,820.00 – Mission Viejo – TOWNHOME http://apartmentsmax.com/2011/03/1820-00-mission-viejo-townhome/ http://apartmentsmax.com/2011/03/1820-00-mission-viejo-townhome/#comments Sun, 13 Mar 2011 00:40:09 +0000 Apartments Admin http://apartmentsmax.com/2011/03/1820-00-mission-viejo-townhome/ $1,820.00 – Mission Viejo – TOWNHOME

Parking included, pool, laundry on site, washer and dryer in unit. 1150 sq. ft., community features bike trails, boatrv storage, courtesy officer, fitness center, pools, spahot tubsauna, playground, bbqpicnic area, tennis court and much more! Rent $1,820.00 to AND UP!!, Available Now!

$1,820.00 – Mission Viejo – TOWNHOME was found at WestsideRentals.com – Orange County Apartment Rentals and filed under California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/1820-00-mission-viejo-townhome/feed/ 0 $1,775.00 – West Hollywood – BEAUTIFUL SPACIOUS UNIT http://apartmentsmax.com/2011/03/1775-00-west-hollywood-beautiful-spacious-unit/ http://apartmentsmax.com/2011/03/1775-00-west-hollywood-beautiful-spacious-unit/#comments Fri, 11 Mar 2011 23:36:00 +0000 Apartments Admin http://apartmentsmax.com/2011/03/1775-00-west-hollywood-beautiful-spacious-unit/ $1,775.00 – West Hollywood – BEAUTIFUL SPACIOUS UNIT

Parking available, wheelchair accessible, pool, laundry on site, quiet neighborhood, refrigerator, stove, dishwasher, balcony, controlled access building, central air, central heat, LOCATED ON QUIET STREETHARDWOOD FLOORSACMANY CLOSETSCABLE READYGAS STOVE, DISHWASHER Paid water, Rent $1,775.00 to 1850, Deposit SAME, Available 31511.

$1,775.00 – West Hollywood – BEAUTIFUL SPACIOUS UNIT was found at WestsideRentals.com – Hollywood Apartment Rentals and filed under Hollywood California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/1775-00-west-hollywood-beautiful-spacious-unit/feed/ 0 $1,025.00 – Long Beach – BEACHY JUST BEACHY, ONLY A SHORT STROLL TO THE PACIFIC OCEAN, FULLY REMODELED http://apartmentsmax.com/2011/03/1025-00-long-beach-beachy-just-beachy-only-a-short-stroll-to-the-pacific-ocean-fully-remodeled/ http://apartmentsmax.com/2011/03/1025-00-long-beach-beachy-just-beachy-only-a-short-stroll-to-the-pacific-ocean-fully-remodeled/#comments Fri, 11 Mar 2011 23:35:54 +0000 Apartments Admin http://apartmentsmax.com/2011/03/1025-00-long-beach-beachy-just-beachy-only-a-short-stroll-to-the-pacific-ocean-fully-remodeled/ $1,025.00 – Long Beach – BEACHY JUST BEACHY, ONLY A SHORT STROLL TO THE PACIFIC OCEAN, FULLY REMODELED

Street parking, pool, laundry on site, quiet neighborhood, refrigerator, stove, dishwasher, yard, controlled access building, central heat, Super clean remodeled unit with dishwasher, refrigerator, ceiling fan and more, will have you comming back after checking out the rest. Gated community and often reserved parking. Pool, BBQ and laundry. Here you are only a short stroll, 1 block,from the beach and all the action Long Beach has to offer. You can choose the fine dining and action of Pine Street or just relax in your beautiful apartment. John our manager of 5 years is ready willing and able to make sure your stay is PERFECTO! rates Ocean Plaza as a WALKERS PARADISE, as everything is within walking distance! Energy efficient appliances, lighting, toilets & showerhead saves you BIG BUCKS on utilities! Paid partial utilities & gas & gardener & pool service, Rent $1,025.00, Deposit 300, Available Now!

$1,025.00 – Long Beach – BEACHY JUST BEACHY, ONLY A SHORT STROLL TO THE PACIFIC OCEAN, FULLY REMODELED was found at WestsideRentals.com – Long Beach Apartment Rentals and filed under Long Beach California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/1025-00-long-beach-beachy-just-beachy-only-a-short-stroll-to-the-pacific-ocean-fully-remodeled/feed/ 0 $1,375.00 – Rancho Bernardo – RANCHO BERNARDO 55 DETACHED CONDO – GREAT LOCATION http://apartmentsmax.com/2011/03/1375-00-rancho-bernardo-rancho-bernardo-55-detached-condo-great-location/ http://apartmentsmax.com/2011/03/1375-00-rancho-bernardo-rancho-bernardo-55-detached-condo-great-location/#comments Thu, 10 Mar 2011 13:35:52 +0000 Apartments Admin http://apartmentsmax.com/2011/03/1375-00-rancho-bernardo-rancho-bernardo-55-detached-condo-great-location/ $1,375.00 – Rancho Bernardo – RANCHO BERNARDO 55 DETACHED CONDO – GREAT LOCATION

1-car Carport parking, wheelchair accessible, pool, quiet neighborhood, refrigerator, stove, dishwasher, yard, patio, central air, central heat, washer and dryer in unit. Beautiful 2 Bedroom, 1 Bath Detached Condo in desirable Rancho Bernardo Seven Oaks 55 Community. Great location with shopping center, grocery store & bus stop right around the corner. Just remodeled with new carpet, tile & paint. Enclosed SunroomPatio with spacious yard & landscaped common areas. Includes Community Center Access with Pool, Jacuzzi, Library, Activities, Clubs & More. Close to Pomerado Hospital & Medical facilities. Paid water & trash & gardener & pool service & association fees, Rent $1,375.00, Deposit 1875, Available Now!

$1,375.00 – Rancho Bernardo – RANCHO BERNARDO 55 DETACHED CONDO – GREAT LOCATION was found at WestsideRentals.com – San Diego Apartment Rentals and filed under California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/1375-00-rancho-bernardo-rancho-bernardo-55-detached-condo-great-location/feed/ 0 $2,300.00 – San Diego – HOUSE http://apartmentsmax.com/2011/03/2300-00-san-diego-house/ http://apartmentsmax.com/2011/03/2300-00-san-diego-house/#comments Thu, 10 Mar 2011 13:35:46 +0000 Apartments Admin http://apartmentsmax.com/2011/03/2300-00-san-diego-house/ $2,300.00 – San Diego – HOUSE

2-car Garage parking, refrigerator, stove, microwave, dishwasher, yard, patio, pool, jacuzzi Paid pool service, Rent $2,300.00, Deposit $2300.00, Available Now!

$2,300.00 – San Diego – HOUSE was found at WestsideRentals.com – San Diego Apartment Rentals and filed under California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/2300-00-san-diego-house/feed/ 0 $2,450.00 – Carmel Mountain Ranch – GREAT FOUR BEDROOM HOUSE IN A GREAT AREA!!! http://apartmentsmax.com/2011/03/2450-00-carmel-mountain-ranch-great-four-bedroom-house-in-a-great-area/ http://apartmentsmax.com/2011/03/2450-00-carmel-mountain-ranch-great-four-bedroom-house-in-a-great-area/#comments Thu, 10 Mar 2011 13:35:42 +0000 Apartments Admin http://apartmentsmax.com/2011/03/2450-00-carmel-mountain-ranch-great-four-bedroom-house-in-a-great-area/ $2,450.00 – Carmel Mountain Ranch – GREAT FOUR BEDROOM HOUSE IN A GREAT AREA!!!

2-car Garage parking, approximately 2,160 sq ft Rent $2,450.00, plus a $2,600.00 security deposit O.A.C., Available Now!

$2,450.00 – Carmel Mountain Ranch – GREAT FOUR BEDROOM HOUSE IN A GREAT AREA!!! was found at WestsideRentals.com – San Diego Apartment Rentals and filed under California Apartments by Find California Moving Companies

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]]> http://apartmentsmax.com/2011/03/2450-00-carmel-mountain-ranch-great-four-bedroom-house-in-a-great-area/feed/ 0 $2,450.00 – Mission Viejo – COMING SOON! WONDERFUL MISSION VIEJO HOME NEAR LAKE!! http://apartmentsmax.com/2011/03/2450-00-mission-viejo-coming-soon-wonderful-mission-viejo-home-near-lake/ http://apartmentsmax.com/2011/03/2450-00-mission-viejo-coming-soon-wonderful-mission-viejo-home-near-lake/#comments Thu, 10 Mar 2011 13:35:36 +0000 Apartments Admin http://apartmentsmax.com/2011/03/2450-00-mission-viejo-coming-soon-wonderful-mission-viejo-home-near-lake/ $2,450.00 – Mission Viejo – COMING SOON! WONDERFUL MISSION VIEJO HOME NEAR LAKE!!

Parking included, stove, dishwasher, air conditioner, fireplace, Wonderful 4bedroom2bathroom home in Mission Viejo! Large backyard with patio cover, perfect for entertaining family and friends. Located close to hiking trails, Mission Viejo Lake, parks, shopping centers and schools. Gardener included!! Rent $2,450.00 to 2450, Deposit 2450, Available Now!

$2,450.00 – Mission Viejo – COMING SOON! WONDERFUL MISSION VIEJO HOME NEAR LAKE!! was found at WestsideRentals.com – Orange County Apartment Rentals and filed under California Apartments by Find California Moving Companies

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