Niche Loans

10 Year Fixed Rate Mortgage vs 5 Year Fixed Rate

andersonloans33@gmail.com — Fri, 10 Dec 2021 18:40:32 +0000

Are You Comparing a 10 Year Fixed Rate Mortgage vs 5 Year Fixed Rate?

Commercial Loan Interest rates today are still at Historical All-Time Lows today. But, overtime rates will eventually go higher. So it is important as a Commercial Property Owner or Future Commercial Property Owner today to select the right loan terms going forward.

Most Commercial Loans are 15 Year Terms, 5 Year Fixed Rates which reset to a Market Rate which could be based on Prime, WSJ, etc. every 5 Years on a 25 to 30 Year Amortization. Also, 10 Year Fixed Loans are available.

With the strong possibility of Interest Rates increasing over the coming months and years as the economy rebounds. A 10 Year Fixed Rate option is a Great Alternative to the Basic 5 Year Fixed Rate Option.

The 10 Year Fixed Commercial Loan locks in the Rate for 10 years vs. 5 Years and allows the Commercial Owner to have a Low Rate Loan at today’s interest rates for the next 10 years.

Most Commercial Owners don’t even realize 10 Year Fixed Rates exist. They are available but very few banks and lenders offer them today.

Our Commercial Lending experts here at Niche-Loans have business relationships with several Conventional Banks and Lenders which offer 10 Year Fixed Rate Loans for all Commercial Property Types Nationwide.

How do I apply for a 10 Year Fixed Rate Mortgage Loan?

Give us a call today to lock in that 10 Year Fixed Rate Loan at Today’s Low-Interest Rates on your Refinances and Commercial Property Purchases. We are looking forward to hearing from you and working with you.

The post 10 Year Fixed Rate Mortgage vs 5 Year Fixed Rate appeared first on Niche Loans.

Current Lending Situation for Commercial Properties Today and Current Rates

andersonloans33@gmail.com — Fri, 20 Aug 2021 19:42:51 +0000

Lending Situation for Commercial Properties

I have been asked this from clients regarding the current lending situation for Commercial Properties these days during these challenging times with the Pandemic.

Loans are available, it just all depends on how the property has performed prior to the Pandemic and during the Pandemic.

For Investment Properties such as Multi-Family, Office, Retail, etc. it just depends on where current occupancy was, before the Pandemic during the Pandemic in 2020 and today.

Banks and Lenders are willing to give concessions to Commercial Owners who may have incurred certain losses due to lower occupancy during the Pandemic but they do want to see that the property is getting back to normal rental occupancy in 2021 and today.

Lending for Owner-Occupy Commercial Properties

Pretty much the same goes for Owner-Occupy Commercial Properties such as Industrial, Warehouse, etc. as well. Lenders are looking at Owner-Occupied the same way but more so on the Business side, how was the business performing Post Pandemic and how did the business perform during the pandemic and today.

Loans are available even for Hotel Properties which have probably taken the biggest hit during the Pandemic.

It is a fantastic time to Refinance or Purchase Commercial Properties, rates are at Historical Lows on Commercial Properties today. Not sure how long rates will be this low.

So if you are thinking of refinancing or purchasing a Commercial Property give us a call or contact us today! We have many options available.

The post Current Lending Situation for Commercial Properties Today and Current Rates appeared first on Niche Loans.

Welcome

Mon, 21 Mar 2016 18:04:42 +0000

Welcome to Niche Loans! Please check back for future articles and information.

The post Welcome appeared first on Niche Loans.