Commercial Mortgage Refinance Moscow ID

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

American General Financial Services
(208) 882-1558
1838 West Pullman Road
Mortgage Brokers

Potlatch No 1 Federal Credit Union
(208) 892-1591
411 North Main Street
Mortgage Brokers

US Bank - Blaine Street Office
(208) 882-4670
1314 S Blaine St
Moscow, ID
Drive Up Hours
Mon 09:00 am to 06:00 pm
Tue 09:00 am to 06:00 pm
Wed 09:00 am to 06:00 pm
Thur 09:00 am to 06:00 pm
Fri 09:00 am to 06:00 pm
Sat 09:00 am to 03:00 pm

Guild Mortgage Company
(208) 882-1956
316 S Washington St
Moscow, ID
Wells Fargo - Moscow
(208) 883-5640
221 S Main St
Moscow, ID
Office Hours
Mon-Thu 09:00 AM-05:00 PM
Fri 09:00 AM-06:00 PM
Sat 09:30 AM-03:00 PM
Sun Closed

Advantage America Mortgage
(208) 882-4530
121 East 3rd Street
Mortgage Brokers

Washington Mutual Bank Locations Moscow
(208) 882-8350
1790 West Pullman Road
Moscow, ID
Chase Bank
(208) 882-8350
1790 W Pullman Rd
Moscow, ID
Office Hours

Cleveland Street Mortgage
(208) 892-0676
316 South Washington Street
Mortgage Brokers

Zions Bank Moscow Office
(208) 882-4581
105 South Main Street
Moscow, ID

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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