Tagged need

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request Package

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request Package

With real estate prices at their lowest in years and the economy poised for a rebound, it’s an opportune time to invest in commercial real estate. But credit and financing issues can still pose challenges that prospective borrowers must overcome in order to get the money and mortgage terms they need. Commercial Mortgages 101 is a step-by-step guide for both real estate investors and mortgage brokers, offering insight, practical tools and a thorough overview of commercial mortgage underw

List Price: $ 21.95

Price: $ 21.95

How many credit lines does the average person need?

Question by Miss Dee: How many credit lines does the average person need?
My credit score is in the mid 700’s; I have zero credit card debt and would like to boost my score up to the 800’s for future use.

I recently got a new credit card with the credit line of $ 10,500.00 (which I don’t intend on maxing out). Will this one credit card suffice for boosting my score; or should I get an additional card (i.e. AMEX)?

I understand asking for too much credit at once can lower your score.

Any thoughts?

Best answer:

Answer by Adam L
First, why boost your score to the 800s? With mid 700s credit, you can qualify for best-rate car loans, mortgages, etc… Having a higher rating really doesn’t get you much more than a higher rating.

Overall, one card is enough. The only reason to get an AMEX is if their card offered some nice perks – better than your Visa or MC.

Then, you would use the AMEX in places where you could, and the Visa/MC where you couldn’t.

What do you think? Answer below!

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request Package

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request Package

With real estate prices at their lowest in years and the economy poised for a rebound, it’s an opportune time to invest in commercial real estate. But credit and financing issues can still pose challenges that prospective borrowers must overcome in order to get the money and mortgage terms they need. Commercial Mortgages 101 is a step-by-step guide for both real estate investors and mortgage brokers, offering insight, practical tools and a thorough overview of commercial mortgage underw

List Price: $ 21.95

Price: $ 14.11

Emporia Kansas~Commercial Street~Worster Dental Parlor~Loan Office~Dirt Road~'08

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HOW TO BROKER COMMERCIAL MORTGAGE LOANS-(BY GEORGE BLACKBURN)
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