In addition to interest rates there are other factors you should consider if your goal is to obtain the best overall financial package and return on your property as an investment. For example, the terms of a mortgage loan can be just as important as the interest rate. Any pre-payment penalties could also affect the overall cost of your mortgage should you wish to sell or refinance the property. So it’s wise to carefully review the covenants that the lender required on the loan.
Now that you understand how commercial rates differ from residential rates, this is the perfect time to contact me to get started on putting together your deal.
For more information please contact me at 808-457-2455.