Co-ops May Want to Consider Refinancing Right Now
With COVID-19 infections and deaths rising to terrifying levels across the nation, it’s a consolation to co-op boards to know that one number has fallen to historic lows. With interest rates now around 3%, a growing number of co-op boards are approaching banks seeking to refinance their underlying mortgages. Just published in Habitat magazine is an article entitled, “There Has Never Been a Better Time for Co-ops to Refinance” that addresses this issue.
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