Loan Refinance
Christian Financial Resources has saved churches around the nation hundreds of thousands of dollars simply by refinancing their existing mortgage. A review of your ministry's finances could save you thousands.
Refinance Inquiry
Are you connected to a lender that understands the importance of local ministry? You deserve a ministry lender that's always in your corner.
FAQ
Knowing what questions to ask when considering a church loan can save your church time and money. Navigation of your loan refinance doesn't have to be challenging. View the FAQs or call to get started.
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Yes. Typical closing costs associated with a refinance include Title, Environmental, Recording Fees, Legal Fees, etc. Our team will help explain these costs to ensure it's still profitable for you to proceed.
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CFR's process typically takes 30- 45 days as we evaluate your eligibility and financial status. We will work with you to get the documentation needed for a complete evaluation.
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Payments are made by automatic ACH transfers on the first business day of each month.
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Our underwriters consider several factors while reviewing your loan. Typically CFR calculates…With refinances, we consider the property's equity and the Church's ability to repay the loan.
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If you have owned the property and have been paying down your debt, it's very likely you've been gaining equity in your property. Equity is the current market value of your building/land minus any liens such as a mortgage.
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As you pay down your principal and interest, the interest portion is paid back to the investors of CFR. Additionally, CFR gives back to help start and strengthen churches nationwide.