Commercial Mortgage Refinance Mooresville NC

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

Garrett Moretz
290 Glencoe Lane
Mooresville, NC
Company
Title: Financial Advisor/Principal
Company: Moretz Wealth Management, LLC
Type
Investment Advisor Rep: Yes
Education
BS Business Administration
Years Experience
Years Experience: 11
Service
401k Rollover From Employer,Income for Life/ Preserve Principal,Wealth Management,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care

Data Provided By:
Twenty First Mortgage Corporation
(800) 706-6438
19615 Liverpool Pkwy Ste B
Cornelius, NC
 
Flick Mortgage Investors Inc
(704) 987-6535
19905 West Catawba Ave #102
Cornelius, NC
 
Sunshine Mortgage Corp
(704) 895-1585
8222 Village Harbor Dr
Cornelius, NC
 
Homeservices Financial LLC
(800) 737-7002
13620 Reese Blvd E Bldg Xii135
Huntersville, NC
 
Hartland Mortgage Centers
(704) 895-4406
21024 Norman Shores Dr
Cornelius, NC
 
Coastal Mortgage Services Inc
(704) 987-1950
18809 W. Catawba Ave. - St 101
Cornelius, NC
 
Dover Mortgage Company
(704) 895-5200
20723 Torrence Chapel Rd
Cornelius, NC
 
Family First Mortgage Corp
(704) 894-9191
16419 F North Cross Drive
Huntersville, NC
 
Premier Home Loans Inc
(704) 655-7991
7930 W Kenton Circle Ste 260
Huntersville, NC
 
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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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