Refi Commercial Real Estate 20 Secrets Boost Your Wealth
Costs and Considerations
While refinancing offers numerous benefits, it's essential to consider the associated costs. These can include appraisal fees, loan origination fees, and closing costs, which can add up to 2-5% of the loan amount2. Therefore, it's crucial to calculate whether the long-term savings outweigh these initial expenses. Additionally, market conditions play a significant role; staying informed about interest rate trends can help you time your refinancing to maximize benefits.