User talk:Tonypar

The Commercial Mortgage would be fixed for ten (10) years via an interest rate SWAP agreement. The pricing would be the10/20 SWAP rate plus 250 bps. If the rate were set today (10/1/08) it would be 7.10%. The rate is subject to change and will be set at closing.

My bank is offering me this and I don't understand it, can someone help me so I know if I'm getting the right deal.