Commercial Mortgage Refinance Oregon City OR

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

Origen Financial LLC
(503) 518-3118
14968 S Haida Ct
Oregon City, OR
American Pacific Mortgage
(503) 557-9100
1868 Knaps Aly Apt 209
West Linn, OR
American Home Mortgage Corp
(503) 655-4847
1800 Blankenship Rd Ste 420
West Linn, OR
Swash Bucklers Cove LLC
(503) 656-2949
1800 Blankenship Road Ste 448
West Linn, OR
Home123 Corporation
(503) 513-5000
12550 Se 93Rd Ave Ste 150
Clackamas, OR
Donna Brown Loan Services Inc
(503) 655-2700
418 S Beavercreek Rd Ste 104
Oregon City, OR
Primary Residential Mortgage Inc
(503) 723-5993
1800 Blankenship Rd Ste 200
West Linn, OR
Jpmorgan Chase Bank Na
(503) 656-2300
1830 Blankenship Rd Ste 150
West Linn, OR
Foundation Home Lending LLC
(503) 723-5982
1584 Holly St
West Linn, OR
Sierra Pacific Mortgage
(503) 698-1492
13058 Se Terra Cascade Loop
Clackamas, OR

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...

Click here to read the rest of this article from GlobalBx