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Joseph V. Scorese Male Philadelphia, PA United States Philadelphia, PA: Share on Facebook MySpace Tweet

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Location (City, State) (Province, Country): Philadelphia, PA

A Bit About Me: Mortgage Banker | Mortgage Social Media | Mortgage Blogger | Mortgage Problem Solver|

Which Best Describes You? (Pick All That Apply): Large Investor =>100K, Commercial Broker, Commercial Agent, Developer, Hard Money Lender, Direct Lender, Project Funding Facilitator, Builder, Demographics

What Do You Need: Our business relationships include but are not limited to:

Real Estate Agencies
Real Estate Agents
Accountants
Financial Advisors
Tax Offices
Lawyers
Divorce Attorneys
Investment Companies
Construction Companies
Credit Repair Companies

What Do You Offer: RESIDENTIAL & COMMERCIAL MORTGAGES

Website URL: http://www.mtb.com

LinkedIn, Twitter, Facebook, Skype Address: http://www.facebook.com/#!/joseph.scorese

Joseph V. Scorese's Blog

Rental Property Investing 101 – Tips for Future Investment Property Owners

Here are tips to get started.…

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Posted on September 21, 2014 at 6:12am

What is the difference between interest rate and APR Annual Percentage Rate)?

There are many costs associated with taking out a mortgage. These include the interest rate, points, fees, and other charges.

The interest rate is the cost of borrowing money expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan.

Let’s begin with some definitions:

What is the interest rate?

The interest rate is the percentage…

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Posted on September 9, 2014 at 5:19am

Commercial Construction Loans - Nationwide

Construction Loans. We save you time & money by eliminating any duplicate third party reports,most fees that are not pass-through fees are negotiated,& our internal construction finance dept. prepares the loan documents. Typical loan size:$1 million- $20 million. We have also developed a proficient & professional construction process specifically designed for our nationwide permanent loans. If you’re interested in permanent construction loan partnership,… Continue

Posted on August 28, 2011 at 5:32am — 2 Comments

Commercial Real Estate. In-house underwriting & local approval - Nationwide Lending

Commercial Real Estate. In-house underwriting & local approval gets you a quick turnaround to get your project completed on time. Typical loan size: $250,000 up to $20 million. Call:855.630.7728

Posted on August 28, 2011 at 5:32am — 2 Comments

Bridge-Mezzanine Loan Programs

Bridge-Mezzanine Loan Programs

No maximum

LOAN TERM

Generally 1 to 5 years

Extension options available

TAX AND INSURANCE ESCROWS

Monthly deposits required

AMORTIZATION

Interest only or fixed principal pay-downs

REPLACEMENT RESERVES

Monthly deposits required

MINIMUM DSC

1.10 “As-Is”

1.20 – 1.25 at Exit

SECURITY

-First mortgage lien on subject property. Additional credit enhancement to be determined.

MAXIMUM LTV… Continue

Posted on May 15, 2011 at 5:46am