mortgage refinance tips: 5 Mistakes You Must Not Make When Refinancing
- 01/22/21 06:18 PM
I have a small apartment building in Baltimore Maryland that I have owned since March 2006. Because it is a 5 unit building, it falls under that dreaded categorization of a commercial loan. Rates are higher. Down payments are higher. The headaches are greater. I have had the same loan since 2006 and it was fixed for the first 10 years. Now it is an adjustable rate mortgage - and with the low interest rates we are all currently enjoying - I am loving the mortgage payment. However, I am rather like an elephant. I remember the 10% interest rates when … (26 comments)
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I have a small apartment building in Baltimore Maryland that I have owned since March 2006. Because it is a 5 unit building, it falls under that dreaded categorization of a commercial loan. Rates are higher. Down payments are higher. The headaches are greater. I have had the same loan since 2006 and it was fixed for the first 10 years. Now it is an adjustable rate mortgage - and with the low interest rates we are all currently enjoying - I am loving the mortgage payment. However, I am rather like an elephant. I remember the 10% interest rates when … (26 comments)
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