Chapter 22-Residential Financing and Commercial Financing-Summary
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Summary: Residential and Commercial Financing Key Differences: Types of Properties: Residential financing is geared towards individual home purchases, while commercial financing pertains to income-generating properties (e.g., office buildings, apartment complexes). Qualification Criteria: Residential loans assess personal credit, income, and debt-to-income ratios. Commercial loans focus on a property’s income potential, using metrics like Debt Service Coverage […]