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More on BB&T Q3: Residential mortgage loan rise 17% Q/Q – Q3 average loans and leases held for investment were $146.2B, up 5% annualized vs. Q2, with commercial and industrial loans rising 2.3%, residential mortgage loans up 17%, average indirect loans up 11.
Velocity Mortgage Capital Launches 30-Year, Fixed-Rate Loan Option for Residential Investment and Small Commercial Properties – Velocity Mortgage Capital, a direct portfolio lender dedicated exclusively to providing investment property loans, has updated its FlexPerm loan with a 30-year, fixed-rate loan option for residential.
Commercial Mortgage Calculator: Commercial Real Estate. – The difference between the two is that a commercial loan appraisal can take up to 30 days longer than a traditional mortgage appraisal. Another difference between a traditional mortgage and a commercial mortgage is that there may be more than one party on the loan.