Outline of loan

Interest rate and cost for residential mortgage varies depending on the lender. The most important things are credit history and score. Depending on the score, the rate, cost, required down payment and documentation varies. There is a fixed and an adjustable loan. Your monthly payment is calculated by the loan amount and term. We recommend consulting with a loan officer as to which program is the most suitable for you based on your assets, employment, purposes and credit score.

Commercial loan is for the loan of a 5+ units apartment, office, commercial property, retail store, mixed-use property and the most important element is how the property works financially (Rent Income-cost of maintenance etc). The net profit (Gross annual income {Rent income + vending machine + Coin Laundry etc} vacancy (normally 5%) + operating cost {Property tax, insurance, maintenance fee, repairs}) should be more than the monthly payment by 20% - See DCR for detail.

SBA loan is a government-assisted loan program through the Federal SBA (Small Business Administration) for small businesses, which usually has a difficult time getting a loan from the bank in a normal way.