Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your commercial property, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your property (cash out). A few reasons for cashing out include: property improvement, purchase commercial equipment, and consolidating debt.
- Reduce Your Interest Rate
- Cash Out Equity for Property Improvements
- Consolidate Debt
- Lower Monthly Payments