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Purchase Mortgages
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home > commercial mortgages > purchase > loan types > closed 
Closed commercial purchase mortgagesPurchase new commercial property using a "closed" commercial purchase mortgage loan. It can give you one of the lowest mortgage rates available. When you get this type of commercial purchase loan, you actually can't make prepayments on it or pay it out before your mortgage term's over. Well, technically you can, but you have to pay your mortgage lender a fee. BUT by giving up the freedom to pay off your commercial mortgage loan before your term's up, you get a lower mortgage rate. And obviously a lower mortgage rate is great! Wanna know more about closed commercial purchase mortgage loans?Contact one of The Mortgage Store Online's brokers by using the commercial purchase contact form, or by calling them at 1-866-674-0548. Extra info tidbit - for this type of commercial purchase mortgage loan: Payments for closed mortgage loans:You can pay off closed mortgage loans like this with interest only, straight-line principal reduction and constant payments - whether you use an institutional or private lender: Read more information about the commercial closed purchase mortgage loan. |
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