“Can I do Commercial Mortgages?”
My brother and I are looking to refi the homestead up in Ludlow. It seems anytime the word mortgage comes up in our family. 1. We do our checking with TD Bank and while I was there one day and out of curiosity I asked what they would have available, the guy said 5.5% with 5 year rate adjustment allowance amortized over 20 years, is that the way the system works now? 2. Do you do any commercial lending? If so, where do we begin?
Cheers, Mary Lynn
As luck would have it, I have a banker referral partner in her area that I thought could do a better job than I could for Mary Lynn and her brother. He was able to get her a 4.75% commercial mortgage that is fixed for 15 years.
Could I have done a commercial mortgage for them? Of course, but the rate would have been comparable to what she was originally told. I would much rather do what is best for my client and they will remember the result for years to come.
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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