I console myself with the fact that compared to higher education that is relatively cheap tuition. 

It took more time and back and forth communication than was needed, and compared poorly with other refinancings we have gone through.

Commercial properties can be lucrative, but the financing/underwriting required from lenders is generally more "conservative" relative to residential and usually have higher interest rates (unless you have a "rock star", long-term commercial tenant in place) and generally require more equity from the borrower compared to residential.

They will do things like compare with public records/Internet records.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

You have a good rate compared to current rates.

Most everything in Cleveland seems like an awesome deal when you compare it to the pricing you've seen in NYC.

A lot of properties in Cleveland are so cheap compared to Vegas that you'll think every deal is amazing.

so every step is tougher.2. you don't really compare the interest rate when purchased and the interest rate when refinancing - that is apples and oranges. 

We do not change fees or terms unless your appraisal happens to come in lower than the purchase price or the market rent comparables come in lower than expected.