My New Blog

As I am refinancing a multi-unit building that has a current rate in the 7's and we're getting that into a 5 year fixed rate program in the 5's which is thousands of dollars in savings a month, I should point out that commercial loan rates, especially on multi-units, 5 or more is quite attractive.  The lender I am working with is projecting that due to all the governmental "bailouts" these commercial rates may well be at around 10-12% in the next couple of years.  Whatever the case may be, this is a GOLDEN OPPORTUNITY to set the interim fixed rate on your multi-unit building so when the others are pulling out their hair in rate shock despair, you'll be sitting pretty~

Call Terry ...

For that matter, even the "high balance conforming" is looking decent.  I hear 5.25% is running at a cost of a point.  If you find any of this confusing, that's what I'm here for ... not to be confusing but to end the confusion and get you proactively taking advantage of financing opportunities before they are gone gone gone ... just my 3 cents.