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Advice on choosing a commercial type of mortgage loan

This article will advise you on how to choose a commercial type of mortgage loan.

You can choose a commercial type of mortgage loan by the kind of rate you want, by the kind of term you want, by the kind of payments you want or by your qualification.

Choose a commercial type of mortgage loan by the kind of rate you want

Choose a commercial type of mortgage loan by the kind of mortgage loan rates you want. What are mortgage loan rates? They are a percentage of interest you'll pay on the amount of money you borrowed (your principal). That rate can be fixed (so it remains at the same percentage). That rate can also adjust up and down with our economy's prime rate. Or it can do some of both.

There are different commercial types of mortgage loans with different kinds of rates.

Choose a type to learn about:

Choose a commercial type of mortgage loan by the kind of term you want

Choose a commercial type of mortgage loan by the kind of mortgage loan term you want.

What's a mortgage loan term? It's the length of time you can keep your commercial mortgage loan before you have to renew or refinance it, or can pay it out (like, completely pay it off). Mortgage loan terms can be short, anywhere from six months to 5 years. And they can be long, from 6 years to 18 years.

There are different commercial types of mortgage loans with different kinds of terms.

Choose a type to learn about:

Choose a commercial type of mortgage loan by the kind of payments you want

Choose a commercial type of mortgage loan by the kind of mortgage loan payments you want.

What are mortgage loan payments? They are amounts of money you pay monthly on your commercial mortgage loan during your mortgage loan term. Your payments can mostly pay off your principal (the amount you borrowed), mostly pay off the interest charged on that principal, or both during your mortgage loan term.

There are different commercial types of mortgage loans with different kinds of payments.

Choose a type to learn about:

Choose a commercial type of mortgage loan by your qualification

Choose a commercial type of mortgage loan by the how you want to get mortgage loan qualification.

Can you show a mortgage loan brokerage's lenders that you have a down payment, or equity in property, or good income or good credit? If you can, then they can give you mortgage loan qualification.

There are different types of mortgage loans you can get depending on how you get, or how you don't get mortgage loan qualification.

If you have a down payment amount that is less than 25% of your commercial real estate's purchase price:

Choose this type of mortgage loan:

If you have a down payment amount that is more than 25% of your commercial real estate's purchase price:

Choose from these types of mortgage loans:

If you don't have good income:

Choose from these types of mortgage loans:

If you don't have steady income:

Choose this type of mortgage loan:

Want more info on mortgage loan advice like me? Contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-674-0548.

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