home | about us | site map | contact us

home mortgages commercial mortgages calculate mortgage payments view current mortgage rates how to use a mortgage learn about mortgages
apply online commercial mortgage refinance commercial purchase mortgages commercial equity loans commercial finance mortgages commercial loan types commercial mortgage rates commercial mortgage calculators mortgage articles commercial mortgage faqs
Articles

home > commercial mortgages > rates > articles > types of loans > closed

Commercial closed mortgage loan

This type of commercial mortgage loan is "closed" - which means you would have to pay some penalties to make prepayments on it or pay it out.

A closed mortgage loan has a lower rate than most types of commercial mortgage loans. And lower rates are extremely cool.

Get the closed mortgage loan. With the lower rates it provides, you can own larger commercial real estate. And, lower rates mean you can get larger commercial real estate to rent-out, lease-out or develop for resale. So cash will be close at hand when you get this type of mortgage loan.

Considering equity take out?

The low rate this mortgage's 'closed personality' provides can get you more cash out of your commercial real estate.

Choosing to get a line of credit?

Use a closed mortgage loan to get a line of credit. It can give you a line of credit with a commercial mortgage loan rate that's lower than bank rates for a line of credit.

Coveting debt consolidation?

The commercial mortgage loan rate this mortgage can give you, can be lower than your current credit card and loan rates.

Get a closed mortgage today!

Fill out the commercial mortgage application.

Get more information about commercial closed mortgage loans

More information about commercial closed mortgage loans

Down payments for closed mortgage loans:

You can make down payments from 0%-75% of your real estate's value on this mortgage loan type - whether you use an institutional or private lender.

Terms for Closed Mortgage loans:

The terms can you get for closed mortgage loans include short terms (6 months to 5 years) and long terms (6 years to 18 years) - with a 5 year term length being the most common - when you use an institutional lender. And you can get short and long terms for this mortgage loan type when you use a private lender.

Amortization for closed mortgage loans:

You can get anywhere from 5-25 year amortization for this mortgage loan type - whether you used an institutional or private lender.

Payments for closed mortgage loans:

You can pay off closed mortgage loans with interest only, straight-line principal reduction and constant payments - whether you use an institutional or private lender:

Rates for closed mortgage loans:

If you use an institutional lender, you can you can get fixed, adjustable, capped or convertible rates for closed mortgage loans. Or, if you use a private lender, you can get fixed, adjustable or convertible rates for this mortgage loan type.

Apply For A Commercial Mortgage

For clarification of some of these mortgage loan terms' definitions, view the mortgage glossary.

Learn more about closed mortgage loans by contacting The Mortgage Store Online's brokers. Just use the contact form or call them at 1-866-674-0548.

<< return to types of mortgage loans articles

Commercial mortgage loan articles

apply online | mortgage refinancing | commercial purchase mortgages | equity loans | commercial finance mortgages

commercial loan types | commercial mortgage rates | mortgage calculators | mortgage articles | RSS feed icon commercial mortgage news

home mortgage loans | commercial mortgage loans | calculate mortgage payments | view current mortgage rates

how to use a mortgage | learn about mortgages | privacy policy | disclaimer | RSS feed icon mortgage news & tips

home | contact us | mortgage glossary | about us | site map

The Mortgage Store Online, Inc.
Canadian Head Office: 54 Vansittart Avenue Woodstock, Ontario, Canada N4S 6E4
Home Mortgages: Phone: 1-866-880-2577 Fax: 1-866-270-1984
Commercial Mortgages: Phone: 1-866-674-0548 Fax: 1-866-876-3956

Copyright ©2016 The Mortgage Store Online, Inc. All rights reserved.

 Equal Housing Lender