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Considering Refinancing a Commerical or Residential Mortgage?Blog, Real Estate
Posted in on March 13, 2014
With interest rates near historical lows, are you considering refinancing your commercial or residential mortgage to take advantage of today’s lower interest rates, shorten your term of payments or perhaps take additional equity out for an important project? If so, there are a lot of new things for you to consider in today’s changes lending environment.
Most banks and other lenders have money to lend. And today’s rates may be substantially lower than you are now paying on your current mortgage. You would like to lower your payments and free up money for other uses, or maybe shorten your payment term so that your mortgage is paid off sooner.
The big question for many businesses and homeowners today is “Can I get the loan?” Lending qualifications have clearly tightened and valuations of properties in most area have dropped, but in spite of all of that commercial and residential customers are getting and closing on refinance mortgages for their businesses and homes.
At Baker, Braverman and Barbadoro, P.C. we represent many local and national banks, mortgage companies as well as private lenders and are authorized to close commercial and residential mortgages anywhere in Massachusetts. Our real estate attorneys have conducted over 38,000 loan closings! A knowledgeable and experienced real estate attorney can make the difference in your mortgage closing. We can help you compare proposals and make sure the loan you get is closed correctly and in accordance with your agreements.
For more information or help with your proposed commercial or residential mortgage commitment and closing, contact attorney Larry DiNardo.