Should you buy points? - Commercial Financing Direct

How do you "buy" a better rate?

Do you plan on keeping your Commercial Mortgages Direct loan for a while? Then it may make sense to "buy" a lower interest rate by paying one or more "points."

Even if you're unsure of how long you plan to keep your Commercial Mortgages Direct.com commercial loan before you sell or refinance, paying points now for a lower rate may make sense. For example, do you have a high property income now but you think you it change in the next few years? We can help you sort it out. It's part of our finding the right loan for your means and goals.

A point -- which equals one percent (1%) of the total loan amount -- is an up-front fee that could lower your monthly interest rate and total interest due over the life of the Commercial Mortgages Direct commercial loan. So, a one point loan will have a lower interest rate than a no point commercial loan. Basically, when you pay points you trade off paying money later in favor of paying money now. You can pay fractions of points, meaning there are a lot of points packages that can make your Commercial Mortgages Direct loan's terms more favorable if that's what's right for you.

There are a variety of rate and point combinations available. When you look at different Commercial Mortgages Direct commercial loan programs, don't look just at the rate -- compare the whole package. Federal law requires lenders to publish their loans' Annual Percentage Rate, or A.P.R. The A.P.R. is a tool used to compare different terms, offered rates, and points for your commercial mortgage loan.

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