Adjustable rate refinancing can help you get out of a risky situation. With an adjustable rate mortgage, you can never be sure what interest rate you will pay down the line. It may start out with a low interest rate, but after the initial term, it can easily increase a couple of percentage points. This dramatically increases your monthly payment. Most business owners can get a better deal with ARM refinancing.

Some of the best reasons to consider ARM mortgage refinancing are:

1. To get a better interest rate. If the interest rate is about to go up on your adjustable mortgage, take a look at ARM refinancing information to see if you can refinance to a fixed rate mortgage. This will allow you to have the same monthly payment throughout the life of the loan.

2. To get a cash loan. If you have equity in your property, you can use adjustable rate mortgage refinancing in order to get the money you need to spend on other things.

3. To shorten the term of your loan. An ARM refinancing provider can help you to shorten your loan term, which allows you to more quickly increase your equity.

Action Steps
The best contacts and resources to help you get it done

Use commercial loan specialists for ARM refinancing

If you're ready to refinance your adjustable rate commercial mortgage, it's time to take a look at companies that specialize in business clients. These companies may better understand your needs and be able to make suggestions for the best route to take.

I recommend: Talk to Winter & Company or Commercial Loan Specialist. These companies both pride themselves in dealing only with commercial loans, which may help you get the best deal.

Get a jumbo loan when you refinance an ARM loan

If your property is large or in an expensive area, it may exceed the limits for a conventional loan. Work with companies that offer jumbo loans in order to get the refinancing you need.

I recommend: With MortgageLoan.com, you can compare the rates on jumbo mortgages in your area. Some business owners prefer to speak directly to a bank such as Nationwide for their lending needs.

Use adjustable rate refinancing to get a fixed rate loan

A fixed rate mortgage is often the best choice for business owners because you will make the same monthly mortgage payment throughout the life of the loan. This makes it easier to budget the payment and you do not need to worry about a sudden jump in monthly payment.

I recommend: Most banks offer their business clients the option of a fixed rate mortgage for commercial properties. Wells Fargo and Chase are popular choices for business owners due to their experience.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  When you compare companies for adjustable rate refinancing, list all of the fees associated with each loan. This will give you a better picture of the complete cost of the loan.