Jan 14th, 2010
Using 401(k) or IRA to Pay for Capital Improvements
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By Rick Newman, Managing Partner of Commercial Capital Network, LLC
2010 will be a challenging time in the financial markets as bank and non bank lenders alike are forced to re-evaluate lending parameters to adjust to the pressures of the time. The number of lenders has diminished in the last twelve months and the loan committees of the remaining institutions enjoy the luxury of an increase loan applications and the enviable position of lending to the most qualified buyers and the most desirable properties from a cash flow perspective.
By Rick Newman, Managing Partner, Commercial Capital Network
Property Owners wishing to reorganize debt to make capital improvements or refinance a loan that is ballooning or adjusting would be well advised to begin the application process in the early part of 2010.
Rates are low but may not be for much longer… Interest rates seem to have hit bottom, but how long they will stay at this level is anyone’s guess. Many experts express concern over the future of our economy and the impact market conditions will have on long-term interest rates.
401k/IRA Information hotline Call 609-759-1050 or complete the following contact information
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