Real Estate Investor Magazine South Africa September 2015 | Page 21

Step 8 – By this time the monthly amount you are
paying on your last debt is likely to be quite substantial.
Keep paying that amount every month. Except now –
instead of paying it to creditors – you pay it to yourself
for only one type of purchase: assets that give you
positive cash flow each month. You will be out of the
Rat Race faster than you ever dreamed!
How to Refinance a Commercial Mortgage
You may have many reasons for refinancing a
commercial mortgage, from avoiding an upcoming
balloon payment to lowering your long-term interest
rate. But troubles in the commercial real estate sector
mean the landscape has changed for businesses that
want to work with lenders. It’s well worth knowing
what your options are to improve your cash flow. So
let’s look at how to go about securing an advantageous
refinance.
Step 1
Consider carefully why you w