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Why do churches and faith-based organizations use Rives, Leavell & Co. for their church financing needs?
A Rives, Leavell & Co. Loan Package offers churches a Fixed Interest Rate For The Life of The Loan, which means no balloon payments, no variable rates, and no adjustable rates for up to 30 years.
Does a loan package from Rives, Leavell & Co. offer any direct benefit to our church members?
Yes, church membership and friends who choose to invest by participating in the loan package by purchasing a church bond can earn a return on their investment.
Can Rives, Leavell & Co.
customize our payments to meet the cash flow needs of our church?
Absolutely. At Rives, Leavell & Co. we desire to build the loan that is just right for your church. You can choose from the following monthly payment options:
- Level Payment: Monthly payments remain constant for the life of the loan.
- Interest Only Payments (up to 24 months) and then level payments
- Graduated Payment: Debt payments can begin at interest only and increase as the church membership and financial support grows.
Can you help us plan for the construction of other project phases?
Unlike most other commercial loans, when additional funds are needed, the existing loan does not have to be refinanced (at possibly higher interest rates) because of our Supplemental Borrowing Option.
Do we need a construction loan for our church building project?
A Rives, Leavell & Co. loan package will serve as both the construction and permanent loan, saving the expense of a construction loan and risk of interest rate increase during the construction period. Your church avoids the inconvenience of having to deal with multiple loans – you actually have One Loan and One Lender.
Is there a prepayment penalty?
With a Rives, Leavell & Co. loan package, the loan can be prepaid on any quarterly anniversary date in whole or in part with No Prepayment Penalties.
Are there any other advantages to paying off our loan early?
Yes, a Loan Package from Rives, Leavell & Co. contains a built-in Prepayment Enhancement: a prepayment is made, the Annual Percentage Rate (APR) is reduced resulting in thousands of dollars in interest savings to your church.
What types of projects are financed through Rives, Leavell & Co. faith based funding?
Rives, Leavell & Co provides financing for
- Refinance existing debt
- New church construction
- Church school construction
- Church building expansion, including property acquisition
Does Rives, Leavell & Co. offer refinancing for existing church mortgages or other church loans?
Yes, Rives, Leavell & Co. loan packages can be used by a church to refinance an existing debt.
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