Good refinance decisions begin with a clear objective and a complete picture of the current property and loan.
What am I solving?
Name the primary goal: exit temporary debt, improve cash flow, stabilize the term, access equity, or coordinate a portfolio.
What does the current loan cost?
Review payoff, payment, maturity, adjustable features, extension rights, and prepayment provisions before comparing alternatives.
How is the property performing?
Document rent, vacancy, expenses, condition, unit status, and any near-term capital needs that could affect the analysis.
What are the tradeoffs?
Ask about documentation, closing costs, cash flow, prepayment terms, equity retained, and how long you expect to hold the property.