504 refinance is coming in 2016, how can you prepare?
January 7, 2016 504
- Make sure you have a 51% owner-occupied property with a customer or prospect;
- Which of these current customers or current loans are coming due in 2016 where a 20 year fixed rate could be hugely beneficial? (Click here to view 20-Year Effective Rate History chart)
- Begin discussing with client prospects (that you know have expiring debt) that a 20 year fixed rate option through the SBA is going to be available soon;
- Call me today to register your deal in our 2016 SBA Refi Pipeline. Once the rules are announced with the refi program, I will call you to get the deal moving in the right direction.