Updated about 1 year ago on . Most recent reply

Interest Rate SWAP Loans - SOFR
Hi there, has anyone ever used the option of Interest Rate SWAPs for lowering their interest rate?
My bank is offering a SWAP rate fixed for 5 years which is about 1 percent lower than their conventional loan for a commercial property.
I've looked at the details but just wanted to see if anyone has personal experience with them, good or bad. Thanks in advance.