Refinancing Your Mortgage

YOU NEED A BETTER LOAN RATE OR TERMS? LOAN COMING DUE?

Does your church already have a mortgage, or perhaps outstanding bonds? Do you believe you could save money by refinancing? Maybe you had to borrow at unfavorable rates and/or terms just to get where you are today. Now you’ve stabilized and you want to normalize your capital structure. Or maybe you have a balloon payment coming due soon. If any of that describes your church, the unfortunate fact is it’s unlikely that your existing lender will offer the best rates and terms available to you. If you only speak with that lender, you’re almost certainly leaving a better deal on the table. And many banks that financed churches years ago no longer lend to churches after the credit crisis. Many churches who’ve made payments faithfully to a bank for years get turned down when attempting to refinance—or are given less favorable terms. Or, if you’re like a lot of other churches, doing their homework and talking to several banks, there’s a good chance you’re growing weary of chasing lenders without a firm commitment or response on their part.

DON’T APPROACH A BANK WITHOUT BEING PROPERLY PREPARED

You only get one chance to make a first impression. Our in-depth credit analysis (“Confidential Information Memorandum” or “CIM”) ensures you make the best presentation—as we approach our banks in your community who’ve come to rely on our fully analyzed, professionally underwritten refinancing package for consideration by their credit committee. With Antioch representing you to its banks, your chances of getting the best refinancing possible for your church increases dramatically. Plus—you gain an important life-long financial partner in your own backyard.