Once you have your goals to what's available, you will be able to make an informed decision on how you want to proceed. The first thing to consider is your current interest rate. If the church was bought when interest rates were high or if you have an adjustable rate mortgage, chances are refinancing to a different- lower term may be able to save your church money immediately and over the course of your church loan.
If you purchased or financed when interest rates were low, church refinancing may not be the best thing to do. In the past, it was a general rule that refinancing makes good financial sense if your current interest rate is at least 1.5 percentage points higher than the current market rate and your church or organization plans to reside in the church for at least 3 years.
Consider a church refinance:
- Shorten Church Loan Terms and Reduce Interest Costs
- Church Debt Consolidation
- Request a Free Analysis for Church Refinance Savings! The most competitive interest rates!
2 comments:
Very informative post. It will help me a lot. Refinancing is absolutely an important issue to run church's everyday's activity. I get the easiest church financing loan to run my church from the best financial supporter.
Church refinancing is useful when you have a due loan with high interest rate, in that case our church mortgage can help you a lot. We believe in 100% interest free loan for building your prayer hall.
Post a Comment