Church Mortgage Loan
For the past few months, we have been warning churches of rising interest rates. We have also urged churches to refinance now while they can still receive lower rates. Churches around the country have been listening. This week, we closed four church mortgage loans that were refinanced across the United States. We would like to tell you a little bit about each church and how much money we saved them.
We have been helping churches lower their interest rates on their current church mortgage loans by refinancing them with better terms. This will save the churches thousands going forward.
This week we closed four church mortgage loans that were refinances across the United States. We would like to tell you about each church and how many points we lowered their rates.
We have been helping churches lower their interest rates on their current church mortgage loans by refinancing them with better terms.
Church Mortgage Loan | Griffin’s Successes
El Paso Case:
In El Paso, TX, a church came to us with a very high-interest rate. Their want list was simple: cut their interest rate to save them money, which would, in turn, allow them to pay off their loan faster. We were able to lower their interest rate by 3% and provide them with a 15-year amortization. Amortization is the number of years, based on your interest rate, which it would take to pay off your entire mortgage. Thus, with a shorter amortization, your payments are higher and you will be debt free sooner. This shorter period was the aggressive plan of action that the church desired with their new church mortgage loan.
We also closed a refinance in Barberton, OH. The church came to us because their lender no longer wants to make church loans. Therefore, they would not renew their church mortgage loan. The church was under a time crunch when they found us. We closed their loan and lowered their rate by 1.5%.
Deerfield Beach Case:
In Deerfield Beach, FL, a church came to us that wanted to refinance and pull some cash out to take care of needed repairs. They needed to replace four HVAC units, repair their bathrooms, and also replace flooring. Their loan had ballooned, and they had not found a new lender. This led them to us. We were able to refinance their church mortgage loan and get the cash out they needed. We lowered their interest rate by 1.5%.
Finally, in New Hampshire, we helped a multi-location church refinance and pull cash out for their expansion plan. This church also ranked as one of the 20 fastest growing churches in Outreach for the past three years. The cash was essential to future growth. We closed their church mortgage loan and saved them 2% while providing the cash requested.
Hence, your church can be our next church mortgage loan success story. So, call us today to get started, 800-710-6762.