• Address: Brooklyn, NY 11216 (map)
• Date Posted: 11/15/09

If you are considering church refinancing, the first steps are determining your short and long term goals and then evaluating the different types of church refinancing programs that are available to you.

Once you have your goals set, you will be able to make an informed decision on how to proceed. The first thing to consider is your current Interest Rate.

If the church was bought when rates were high or if you have an Adjustable Rate Mortgage(ARM), 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 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 to:
Shorten church loan terms and
reduce interest costs or for church debt consolidation.


ChurchCa$h Lending
237 Hancock street
Brooklyn, NY 11216
1.718.857.2067:phone
1.718.785.3428: fax
1.888.651.0032: toll free
www.churchcash.com
ccooper@churchcash.com
http://churchcashcommunity.blogspot.com

Hours:
Mon - Fri: 9AM - 9PM
Sat: 10AM - 5PM