Keep the Home-Mortgage Benchmark Out of a Commercial Refinance Quote

By Don McClain | Founder & Principal, Medro Advisors. Freddie Mac's November 12 home-mortgage average was 7.11%. Commercial owners can use the headline as a prompt to refresh actual terms, not as an input to replace them. Compare two dated property quotes using the same requested proceeds, amortization, fees, reserves and prepayment assumptions. Show which changed and which stayed constant; otherwise an apparent rate improvement may conceal a different cash requirement. Ask Fast Commercial Capital about commercial refinance preparation.