With rates near historic lows, refinancing could help cut down on personal and commercial mortgage payments and help relieve financial stress. Plus, you may ALSO be able to preserve much needed cash because you could be saving 1-2 payments as you go through the process. If you think now is the right time to refinance, contact your mortgage broker.
We asked one of our MedCV sponsor partners, Nick Redhead with First Community Mortgage, to share a few insights about how refinancing can help anyone that wants to do everything they can to best manage cashflow for their practice or business. “Cash is King,” right now preserving cash should be among your top priority defensive actions for your business and practice.
Refinancing your personal and commercial properties appears to have no risk, only benefit. Your CPA, banker, and mortgage broker should be able to do all the leg work for you. This is probably the easiest, fastest, and effective decision you will make during this crisis. You literally should be able to just pick up the phone and call your mortgage banker to tell them to begin the process and run the numbers.
Here is a short video where Nick shares a few key insights:
If you have any questions, please feel free to connect with Nick. I’m sure he will quickly become one of your Trusted Advisors, as he is for me!