prepayment premium: Read Your Loan Docs!!! 7 Mortgage Terms You Must Consider!
- 01/11/11 12:03 PM
I typically try to avoid anything close to a rant, but I had an extremely frustrating day that was due entirely to one of my clients not reading their loan documents. They had purchased this property and signed these loan docs quite a few years before I met them. It seems that they didn't read them when the signed them, and they definitely hadn't read them anytime since. When you are searching for a loan, especially a commercial mortgage, it is imperative to read your loan docs! I know that many investors are only interested in the interest rate, but there … (0 comments)
Commercial Real Estate blog discussing investing, selling, and leasing retail, office, industrial, residential, mixed-use, hospitality, self storage, and other commercial real estate in the greater Reading, PA market.
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I typically try to avoid anything close to a rant, but I had an extremely frustrating day that was due entirely to one of my clients not reading their loan documents. They had purchased this property and signed these loan docs quite a few years before I met them. It seems that they didn't read them when the signed them, and they definitely hadn't read them anytime since. When you are searching for a loan, especially a commercial mortgage, it is imperative to read your loan docs! I know that many investors are only interested in the interest rate, but there … (0 comments)
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