Church Mortgage Loans
In the past few weeks, we have closed church mortgage loans for several churches that were refinancing their loans. The commonality is that all of these churches had a high-interest rate. They also needed cash out for repairs to their buildings. We understand that shopping for a new church mortgage loan can be a major undertaking. It is especially challenging because so many traditional lenders do not make church loans. We make the process easy for our clients, finding them the lowest interest rates and best loan terms.
When it is time for a church to refinance their church mortgage loan, it is also a good time to take care of any deferred maintenance. This is especially true for churches in older buildings.
We provide church mortgage loans all over the country. We specialize in church mortgage loans, and we can help your church as we have lots of loan options.
In a perfect world, no church would need to carry church mortgage loans to conduct their business. In the real world, however, most churches have a loan of some type. When a church mortgage loan is getting close to its balloon date, it is the perfect time to evaluate your repair needs.It is also time to shop for the lowest interest rate and best terms available. That is where we come in- we provide church mortgage loans all over the country. We specialize in church mortgage loans, and we can help your church as we have lots of loan options.
We helped a church that had an astounding 13% interest rate. The church wanted to refinance to save money and to make improvements to their building. They have been in their current location for 57 years, so it makes sense that they would need to repair their building. We lowered their interest rate by more than 8% giving them a church mortgage loan with a fixed rate of 4.25%.
Another church that had been in business for 48 years had an interest rate of 11% and needed to make repairs to their 39-year-old sanctuary. Their checklist included roof repair, repaving their parking lot, and other improvements. We were able to lower their interest rate by 5% and get them a 10- year fixed rate on their church mortgage loan in the process.
We make the process easy for our clients, finding them the lowest interest rates and best loan terms.
If your church loan is coming due soon, give us a call to see how we can help.