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Mixed Use Mortgages
A property is designated as Mixed Use Mortgages when there is more than one purpose for the building, such as a business owner living in one part and running a business in the other portion. There are a few programs that will lend using a mixed use mortgage, but they...
Max 75% LTV Purchase or Refinance – Mixed Use
75 Percent Maximum LTV: What Does it Signify? One of the deciding factors for mortgage approval is the Loan-to-Value (LTV) ratio. This is a ratio of the loan amount to the purchase or appraised value of your property. This ratio is one of the loan characteristics used...
