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» Making Payments Affordable with Interest Only Paym
Posted on 1/26/2005
Avatar Financial Group offer hard money commercial bridge loans for the purchase and refinance of commercial and investment residential real estate. One of the greatest concerns in accepting a hard money mortgage is the monthly payment. In order to make the monthly payments as affordable as possible during the bridge loan period, Avatar Financial Group offers an interest-only payment option.
Using this payment option, the borrower does not pay down the principle of the loan at all. Rather, only interest payments are made each month. Points can be wrapped into the principle of the loan to reduce costs as closing time, as well. At the end of the loan, the principle and points, as well as any other charges, are paid in full when the borrower refinances or sells the property. Keeping monthly expenses to an absolute minimum helps developers, owners, and investors to take advantage of real estate opportunities that will yield significant profits upon exit.
Posted in Miscellaneous
Using this payment option, the borrower does not pay down the principle of the loan at all. Rather, only interest payments are made each month. Points can be wrapped into the principle of the loan to reduce costs as closing time, as well. At the end of the loan, the principle and points, as well as any other charges, are paid in full when the borrower refinances or sells the property. Keeping monthly expenses to an absolute minimum helps developers, owners, and investors to take advantage of real estate opportunities that will yield significant profits upon exit.
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