Callahan & Associates, Inc.’s Post

In his latest article, "Are We Seeing the Beginnings of a Fixed Rates Resurgence?", AP Group's General Manager, Andrew Whelan, breaks down the latest trends in fixed vs. variable rates and whether it’s time to lock in your rate. Curious about what’s best for your loan? Read Andrew’s article via the link below!

Worried about your Debt-to-Income Ratio (DTI) affecting your loan prospects? Don’t stress! Our article breaks down everything you need to know, from calculating your DTI to actionable steps for improvement. https://lnkd.in/gqtb653t

This article is a great explainer if you're trying to understand more about the volume of loans extended recently and coming due this year in the #CRE industry.

A balloon loan is a type of loan where payments are not evenly distributed, requiring a large final payment to settle the remaining balance. Click or tap the link to read full article at our website

It’s up to each lender how to structure its fixed-rate HELOC options. So there’s no standard model for this loan type. They can be complex, so learn about the different options available and take time to compare them. https://lnkd.in/gyYHyQGR

Your credit report provides a summary of your credit history. Lenders refer to your credit score when deciding whether to lend you money and at what interest rate. Find out how to monitor your score and get a free credit report. https://bit.ly/48MuxIz #CreditReport #CreditCard #CreditScore #Money #InterestRate #BritishColumbia

Is Commercial #RealEstate The Next #Financial Crisis? Scary facts: 29% of CRE loans — and 56% of office loans — hold LTVs higher than 80% 14.3% of all loans, and 44.6% of office loans, exceed the current property value underlying the loan. 🫤🫤🫤 Remember: Small banks own a lot of these worthless loans. Protect yourself and your financial future. #preciousmetals hedge your risk: ⬇ ⬇ ⬇ https://lnkd.in/gc_J36-g READ FULL ARTICLE: https://lnkd.in/gd5A_r69

So because the full value of the loan goes on your credit report, if there's a default, that can actually lower your credit rating

Heard about a recent increase in interest rates? Here's how it could affect your credit card and loan terms.

An interest rate is something that you always face when it comes to borrowing money. Knowing how it works will help you make informed choices and avoid questions down the road. Here’s a comprehensive guide on this key loan concept: https://lnkd.in/dmjwm9Tw