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home > commercial mortgages > rates > articles > types of loans > conventional Commercial conventional mortgage loanThis is the commercial conventional mortgage loan. The basic white sliced bread type of mortgage loan you can get when you make a down payment of 25% or more of your commercial real estate's value. When you get this mortgage type, you'll only have a small mortgage loan principal (the amount you borrowed) to pay off. And small principals are very very nice to deal with. With the very small principal a conventional mortgage loan provides, you can own your commercial real estate sooner than with other types of mortgage loans. And with a smaller borrowed amount to pay off, you can start to make pure profit from renting, leasing or reselling commercial real estate sooner than with other mortgage types. Crazy for equity take out?The conventional nature of this mortgage will give you cash out of your commercial real estate with a small principal that can be paid off speedily. Chasing a line of credit?With the small principal a conventional mortgage gives you, your commercial mortgage loan debt can be paid back swifter than a bank line of credit. Considering debt consolidation using a conventional mortgage loan?Your principal can be rid-of fast, so your commercial mortgage loan debt can be paid back faster than a credit card or loan debt. Choose this type of mortgage loan now!Fill out the commercial mortgage application. Get more information about commercial conventional mortgage loans More information about commercial conventional mortgage loansTerms for conventional mortgage loans:Which terms can you get for conventional mortgage loans? If you use institutional lenders you can get 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. And if you use private lenders you can get short and long terms. Amortization for conventional mortgage loans:You can get an amortization of 5-25 years for this type of mortgage loan, whether you use an institutional or private lender. Payments for conventional mortgage loans:Whether you use an institutional or private lender, you can pay off conventional mortgage loans with interest only payments, straight-line principal reduction payments and constant payments. Rates for conventional mortgage loans:For conventional mortgage loans, you can get institutional rates that are fixed, adjustable, capped and convertible, and private rates that are fixed, adjustable and convertible. To find out the definitions of some of these mortgage loan terms, check out the mortgage glossary. If you want to get more information on the conventional mortgage loan, then contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-674-0548. << return to types of mortgage loans articles |
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