City National Offers to Pay Up to $3000 of SBA 504 Loan Closing Costs MarketWatch (press release)
LOS ANGELES, Aug 4, 2011 (GlobeNewswire via COMTEX) -- In an effort to make it easier and less expensive for small businesses to borrow, City National Bank, California's Premier Private and Business Bank(R), today announced that it will waive up to $3,000 in closing costs on first trust deed loans it makes under the Small Business Administration 504 Loan Program and also waive the bank's loan origination fees when new funds are deposited in a business checking account.
The SBA 504 program allows small business owners to borrow so they can refinance, renovate or purchase their commercial property. Owners can take advantage of record low interest rates to finance up to 90% of their property's value.
City National is offering:
-- To pay up to $3,000 for the appraisal and environmental survey fees of the loan closing costs. -- A waiver of City NationalRefinancing Breakthrough: HARP! - and other recent property laws
For your convenience, I’ve compiled a summary of recent legislation affecting homeowners in Santa Cruz County and California.
I’ve discovered many people aren’t aware that, if their home mortgage was a Fannie Mae or Freddie Mac, they may be able to refinance into today’s ultra low interest rates, even if their home is underwater!
HARP – the federal government’s “Home Affordable Refinance Plan” – was criticized for not helping enough people, so they’ve improved it. The guidelines were scheduled to be delivered to mortgage servicers and lenders by November 15th. There are some conditions—for example, you have to be current on your mortgage payments, and the mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. Check the links below to see if your loan is eligible:
http://www.FannieMae.com/loanlookup/
Refinance Help. Fill this form and get help!
Foreclosed home owners out for revenge
There are 478 homes in Spokane that are involved in the foreclosure process. While that's lower than the national average, the condition ...