Commercial Mortgage Refinance Castle Rock CO

Looking for Commercial Mortgage Refinance in Castle Rock? We have compiled a list of businesses and services around Castle Rock that should help you with your search. We hope this page helps you find Commercial Mortgage Refinance in Castle Rock.

Mason Mcduffie Mortgage Corp
(866) 848-7558
2864 E Highway 86
Castle Rock, CO
 
Redwood Financial Services Inc
(720) 529-1900
405 S Wilcox St Ste 204
Castle Rock, CO
 
Real Estate Mortgage Warehouse
(303) 663-6702
409 South Wilcox Street Ste B
Castle Rock, CO
 
Nationwide Home Loans Inc
(303) 840-9252
8943 E Thunderbird Rd
Parker, CO
 
Vesta Financial Services Inc
(866) 635-5784
19039 E Plaza Dr Ste 280
Parker, CO
 
Fairway Independent Mortgage Corporation
(303) 688-1020
4700 Castleton Way
Castle Rock, CO
 
Omni Home Financing Inc
(949) 276-6970
3393 Chiquita Pl
Castle Rock, CO
 
Scott Nelson, CFP
5445 DTC Parkway
Greenwood Village, CO
Company
Title: Certified Financial Planner
Company: Presidential Brokerage, Inc.
Type
Investment Advisor Rep: Yes
Education
University of Nevada, Reno / MS-Economics
University of Delaware / BS-Business Management
Years Experience
Years Experience: 24
Service
Portfolio Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,Fee Only Portfolio Management,401k Rollover From Employer,Income for Life/ Preserve Principal,Wealth Management,Disability Insurance,Retirement Planni

Data Provided By:
Christopher Investment
(303) 840-7424
16526 Keystone Blvd Ste C
Parker, CO
 
One Mortgage Network Inc
(858) 455-9120
17065 Carlson Dr Apt 1228
Parker, CO
 
Data Provided By:

Commercial Mortgage Refinance Costs And Considerations

When you refinance a mortgage , you are typically paying off your original loan and initiating an entirely new loan. This means that you will pay the same initial costs that you paid when you financed the original loan. There are several typical costs involved in refinancing as well as a few things you should strongly considered before making the decision.

A home is for the average person the single most valuable investment they will make in their lives. For commercial property investors the price tag can rise significantly and often far surpasses the investment involved in a personal residence. Unlike a personal home, however, the goal of a commercial property is to make money so the extra investment should be expected.

When refinancing a commercial mortgage , you will have to pay closing costs and other fees, just as you did when taking out your original loan. They typically average somewhere in the neighborhood of 3% and 6% of the total loan. These fees can also be much higher than your original fee, particularly if the property value has risen and you are refinancing for the full appraisal value. Your lender may also require that your purchase points, which can add to your initial monetary investment. Purchasing points means you are essentially purchasing a discounted interest rate. One point can buy a discount of approximately 1/4 to 1/8 of a percent off of your interest rate. Over time, each point your purchase up front can save you a significant amount of money.

In addition to the initial closing costs and other fees involved with refinancing your commercial mortgage , there are some things you should seriously consider before going down this road. First of all, if your loan is for the full value of your property, you will have lost all equity that you had built up in the property. This means that you are back to square one financially and your risks have significantly increased. It also means that your property is no longer a safety net for you and you need to seriously consider other means of saving money for a rainy day.

The second thing to consider is that there are actually times when it is a wise idea to refinance. If your original loan terms carried a higher interest rate than you can get by refinancing or your grace period for an adjustable rate mortgage is almost over it is probably a wise idea to refinance and take the one time hit of extra closing costs rather than the long term hit of oppressive interest rates. The total cost of your mortgage is always the most important consideration. There have been times when wise investors actually saved money over the life of their loans by refinancing the payoff amount of their original loan at a significantly lower interest rate.

Another time when it may be wise to refinance your commercial mortgage is when you are reinvesting the money into your business or property in order to maximize your profit. Whether you are looking at making improve...

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