Posted on: 25th Nov, 2013 12:39 am
Hello everyone... need help regarding refinance of commercial property. Is it possible to refinance a commercial mortgage which is going to balloon in the near future?
Hi Guest,
As far as I know, if you meet the required criteria of the lender, you will be able to refinance a mortgage on a commercial property.
Take care
As far as I know, if you meet the required criteria of the lender, you will be able to refinance a mortgage on a commercial property.
Take care
Hi Guest!
Welcome to the forums!
Yes, of course you can refinance a commercial mortgage. However, you need to have equity in the property and meet the eligibility criteria of the lender as stated by Sara.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Yes, of course you can refinance a commercial mortgage. However, you need to have equity in the property and meet the eligibility criteria of the lender as stated by Sara.
Feel free to ask if you've further queries.
Sussane
In order to refinance a commercial mortgage, you should be able to satisfy your lender's criteria. Only then he will agree for refinancing your mortgage and make it affordable for you.
You need a good credit score in order to refinance your mortgage loan and get a new loan within your means. What is your present credit score?