WHY REFINANCE NOW?
It would apear that early to mid 2008 may provide Innkeepers some of the best long term financing opportunities since the Prime Rate was 4%. Reductions in Prime combined with developments in the financial markets have begun to stabilize or improve interest rates and loan programs accross the board.
Who can predict when interest rates will hit and bump along the bottom? How long will rates stay at any one level? How can one know when to jump in and begin the process to take advantage of the peaks and valleys in the market?
It is anyones guess, but it generally takes 45 to 60 days to process and close a commercial loan, for that reason now may be a good time to investigate how to consolidate high interest cedit card debt, re-finance a balloon or adjustable rate mortgage that is coming due or finance capital improvements that will add value in the minds of customers or potential buyers.
Refinance Inquiry
