💰 Why the Lowest Mortgage Rate Can Be the Most Expensive Loan 📉

Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 21/02/2026

Why the Lowest Rate Is Often the Most Expensive Loan Most borrowers are trained to shop one number: the interest rate. But sophisticated borrowers and real estate investors understand something different: The lowest rate on paper can produce the highest total cost over the life of the loan.

Bill Rapp, Commercial Mortgage Broker

💸 Understanding Prepayment Penalties: Yield Maintenance vs. Defeasance Explained 🏦

Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 21/08/2025

Understanding Prepayment Penalties: Yield Maintenance & Defeasance When investors or borrowers consider refinancing or paying off a commercial loan early, prepayment penalties often come into play. These penalties protect lenders against lost interest revenue, but for borrowers, they can be confusing and expensive if not fully understood. Two of the most common prepayment structures in commercial real estate lending are Yield Maintenance and Defeasance.

Bill Rapp, Commercial Mortgage Broker