how to get rid of a timeshare 19Luckily, not much has changed over the first three quarters of 2017 when it comes to delinquency rates and commercial mortgages. Delinquency rates continue to be at an all-time low and many in the industry and are hoping to have it continue that way as we enter the fourth and last quarter of the year.

Recently, the Mortgage Bankers Association reports that the delinquency rate has not only stayed stable all year long, but also ended up dropping 0.02 percent since the first quarter of 2017. This happens to be good news for many in the real estate market since it could be a sign of delinquency rates dropping even more in the future. And that means receiving payments on time.

Since delinquency rates on commercial mortgages continue to see improvement each quarter, this is a promising sign of the what the future may have in store for the real estate market and more. Current lenders are seeing rates as low as ever and this is making everyone in the industry excited to see what the end of 2017 and the beginning of 2018 will bring.

Loans that are backed by commercial properties and multifamily properties are continuing to do well and see improvement, that leads to more people being able to pay their payments on time. There have been many obstacles that could have impacted delinquency rates, like the recent hurricanes, but so far lenders are not seeing a direct impact.

Things to consider when it comes to delinquency rates on commercial mortgages

Of course, there are many factors to take into consideration when evaluating delinquency rates on commercial mortgages. A status of delinquency usually means that payments for 3 months have been overdue. Failure to make payments for a few months can place you in this category. But other things like credit history and other factors like unemployment could also play a role.

Low delinquency rates on commercial mortgages bring many benefits to the industry

No one wants to see any a failing economy and delinquency rates actually play a big part in the success of the economy. Since rates have continued to be at an all-time low for most of the year, this could mean many things and also bring many benefits to the industry. Since most people are making their payments on time, that means that their business is thriving, even in the wake of some obstacles that have hit the country in 2017. When a business thrives, and continues to see stable cash flow, they are able to pay their bills and manage their finances better. With the 4th quarter of 2017 just starting, many throughout the real estate market and even throughout the banking industry, are hoping to end the year on a high note as well with decent delinquency rates across the board. That way the economy can start off strong as we enter the new year of 2018.

Dennis Dahlberg
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177 NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage