![]() Yes, you may close your loan in the name of your business or trust, however you will also need to be a signer and personally guarantee the loan. Can I close in the name of a business entity or trust? We use analysis tools that can project the ability of your score to improve and may be able to offer suggestions to improve your score or adjust the structure of the proposed loan. In some cases, quickly raising your score may be possible. A variety of factors affect your credit score including but not limited to late payments, high balances, and too many inquiries. We try to find ways to help borrowers with all credit scores. There are certain restrictions and we need advance notice, but this unique program gives you the flexibility to take advantage of shorter fixed rate periods when rates are low and longer, less risky, fixed periods when rates are going up. ![]() Most of our loans can be converted to different fixed rate periods on any payment date for a fee of. What if rates change during the life of the loan? If you are up against a deadline, let us know upfront and with your help, we can speed up the process. However, no loan, borrower, or collateral is the same, so appraisals, title work, and credit approvals can occasionally cause the process to take longer. Typically loans take 30 to 60 days from when we receive all of your documentation until closing. We do not believe that we should be compensated unless funds are drawn for your loan. How much does Janus Ag charge if my loan is not approved? No, none of our loan products have prepayment penalties so you can pay-down or pay-off your loan at any time. ![]() Call Us Today at 1 888 465-1432.FAQ Do your loans have pre-payment penalties? Our capabilities span the entire country, with financing available for any sized operation and financing options ranging from variable and fixed rate mortgages, through credit lines and equipment leasing.įinancing is available on many properties up to 75 and 80% of the total assessed value, and loan qualifications can be considered on a combination basis of equity and unsecured financing provided that the guarantor’s credit and the available income are substantial.įarm mortgage loans are also available for agricultural related industries and operations, including equestrian training facilities, and other such niche markets.Ĭontact Canada’s mortgage experts today for a complimentary consultation on your farm mortgage. is able to help provide farmers and agricultural business operations the necessary farm mortgage and farm loan business capital to successfully thrive and prosper. All applications must be of legal age, and should be Canadian citizens (though some exceptions can be made, especially for larger farming operations).Ĭanadian Mortgages Inc. For operations serving corporate buyers, accounts receivable financing may also be available for farming operations.įinancing is available for existing operators, as well as new owners, provided that the necessary experience to successfully manage and/or operate the farm is demonstrated. Many farm loans and financing packages can include financing not just for land, but also equipment as well as livestock. Most farm loans are qualified based on income available through personal and corporate sources, though some financing options may be available based on an equity basis only.įor those operations presently operating under duress, but with extensive equity in their land or equipment, CMI is able to arrange for asset based equipment and real estate loans to help re-organize debt and provide working capital to ride out tough times. When considering making an application for a farm mortgage, it is critical that that any financial statements to be used as additional income support are well prepared in advance and are up to date. Most traditional mortgage lenders are unable to finance homes with acreage in excess of 10 acres, and will not consider these properties if any farming activity is ongoing.įarm mortgage loans are often used to help fund the expansion of commercial farming operations, generate funds for construction financing or land improvements, and even debt consolidation and credit repair loans are available nationwide. Mortgages on agricultural land and on properties where either commercial or even hobby farming operations are ongoing, can be very difficult to arrange.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |