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drewmeyer87 · 10-31-2007, 02:09 PM

When we got our commercial loan, our loan officer told us that "all commercial mortgages are ARM." Although we got in on the low interest rate boom 4 yrs ago, our payments are now almost doubled. Any suggestions?<br />

alkanoil · 10-31-2007, 02:09 PM

fix it! i have never heard such a thing......and i mean fix it by putting it in a fixed mortgage.

What is the rate? and the loan amount?

jonny · 10-31-2007, 02:09 PM

I think you are being lied to. I have never heard you cannot get a fixed commercial mortgage.

big$saver · 10-31-2007, 02:09 PM

NO, that is totally incorrect. I'd look into refinancing the property into a fixed rate. Also I'd look around for a different commercial broker to deal with. This person either doesn't know what he's talking about, or lied to you. Either way, he's hurting your business

realtime · 10-31-2007, 02:09 PM

Not all are ARM but most are.

big$saver · 10-31-2007, 02:09 PM

Not true. There are plenty of fixed rate loans out there. Look into your refinancing options. Call your existing lender first and then shop around.

007 · 10-31-2007, 02:09 PM

Most commercial mortgages are offered as ARM. However, this does not mean that fixed rates aren't available. And there are also ARM programs that are fixed for 10 years.
If your rate is going up, you should consider refinancing.

Good luck,

Barry

java_bean · 10-31-2007, 02:09 PM

If it is a commercial loan then most of the programs are ARM's. Most of them also have a balloon payment. However, there are fixed rate options. The rates are usually so ugly though it isn't worth doing it (at least on the commercial side). Some of the rates on commercial are in the 5's right now. E-mail me with your scenario and I can give you a quote on another 5 year ARM, a 10 year fixed, and a 15 year fixed. Depending on the property type will depend on whether you can get a term any longer than 15 years.

highlander · 10-31-2007, 02:09 PM

any real estate loan can be whatever the lender and borrower agree on.

There are even seller backs where the borrower puts up no cash whatever.

10-31-2007, 02:09 PM	#1
drewmeyer87 Greenhorn Join Date: Dec 2006 Posts: 9 Rep Power: 0	Is it true that commercial mortgage loans are all ARM's? When we got our commercial loan, our loan officer told us that "all commercial mortgages are ARM." Although we got in on the low interest rate boom 4 yrs ago, our payments are now almost doubled. Any suggestions?<br />

10-31-2007, 02:09 PM	#2
alkanoil Greenhorn Join Date: Jul 2006 Posts: 7 Rep Power: 0	Is it true that commercial mortgage loans are all ARM's? fix it! i have never heard such a thing......and i mean fix it by putting it in a fixed mortgage. What is the rate? and the loan amount?

10-31-2007, 02:09 PM	#3
jonny Greenhorn Join Date: Jul 2006 Posts: 17 Rep Power: 0	Is it true that commercial mortgage loans are all ARM's? I think you are being lied to. I have never heard you cannot get a fixed commercial mortgage.

10-31-2007, 02:09 PM	#4
big$saver Piggy Bank Join Date: Jul 2006 Posts: 59 Rep Power: 6	Is it true that commercial mortgage loans are all ARM's? NO, that is totally incorrect. I'd look into refinancing the property into a fixed rate. Also I'd look around for a different commercial broker to deal with. This person either doesn't know what he's talking about, or lied to you. Either way, he's hurting your business

10-31-2007, 02:09 PM	#5
realtime Greenhorn Join Date: Jul 2006 Posts: 27 Rep Power: 6	Is it true that commercial mortgage loans are all ARM's? Not all are ARM but most are.

10-31-2007, 02:09 PM	#7
007 Greenhorn Join Date: Jul 2006 Posts: 16 Rep Power: 0	Is it true that commercial mortgage loans are all ARM's? Most commercial mortgages are offered as ARM. However, this does not mean that fixed rates aren't available. And there are also ARM programs that are fixed for 10 years. If your rate is going up, you should consider refinancing. Good luck, Barry

10-31-2007, 02:09 PM	#8
java_bean Greenhorn Join Date: Jul 2006 Posts: 46 Rep Power: 6	Is it true that commercial mortgage loans are all ARM's? If it is a commercial loan then most of the programs are ARM's. Most of them also have a balloon payment. However, there are fixed rate options. The rates are usually so ugly though it isn't worth doing it (at least on the commercial side). Some of the rates on commercial are in the 5's right now. E-mail me with your scenario and I can give you a quote on another 5 year ARM, a 10 year fixed, and a 15 year fixed. Depending on the property type will depend on whether you can get a term any longer than 15 years.

10-31-2007, 02:09 PM	#9
highlander Greenhorn Join Date: Jul 2006 Posts: 32 Rep Power: 6	Is it true that commercial mortgage loans are all ARM's? any real estate loan can be whatever the lender and borrower agree on. There are even seller backs where the borrower puts up no cash whatever.

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