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What is the commercial mortgage loan process?

With The Mortgage Store Online, the commercial mortgage loan process starts with your application. Next, one of the brokers here will tell you about your prequalification and then do what brokers do - mortgage loan underwriting. After that, your broker will tell you about your qualification, and before you know it they'll be closing your commercial mortgage loan!

Commercial mortgage loan application

To start your commercial mortgage loan process, send The Mortgage Store Online's brokers your commercial mortgage loan application.

You can apply online. Or you can call The Mortgage Store Online's brokers or visit them with your commercial mortgage loan application information. And you can also fax The Mortgage Store Online's brokers your commercial mortgage loan application.

Learn about the next step in the commercial mortgage loan process: prequalification

Commercial mortgage loan prequalification

Your prequalification is the second step of your commercial mortgage loan process with The Mortgage Store Online.

What does prequalification mean? It means it's very likely you can get a commercial mortgage loan, as long as the information on your commercial mortgage loan application is correct.

How do you find out if you can get mortgage loan prequalification? Send The Mortgage Store Online's brokers your application, and one of them will contact you in whatever way you wish - phone, email fax etc., to tell you if you prequalified for a commercial mortgage loan.

Get prequalification now! Fill out the commercial mortgage application.

Learn about the next step in the commercial mortgage loan process: underwriting

Commercial mortgage loan underwriting

Mortgage loan underwriting is the third step of the commercial mortgage loan process with The Mortgage Store Online.

What exactly is mortgage loan underwriting? It's the process The Mortgage Store Online's brokers go through to verify all the information you put on your commercial mortgage loan application.

Start the mortgage loan process today! Fill out the commercial mortgage application.

Learn more about commercial mortgage loan underwriting

Learn about the next step in the commercial mortgage loan process: qualification

Commercial mortgage loan qualification

Your qualification is the fourth step of your commercial mortgage loan process with The Mortgage Store Online.

What does qualification mean? It means you can get a commercial mortgage loan - for sure!

How do you find out if you can get mortgage loan qualification? Send The Mortgage Store Online your application, and one of the brokers here will verify your application information. Then they'll contact you in whatever way you wish - phone, email fax etc., to tell you if you qualified for a commercial mortgage loan.

Get qualification today! Fill out the commercial mortgage application.

Learn about the last step in the commercial mortgage loan process: closing

Commercial mortgage loan closing

Mortgage loan closing is the last step of your commercial mortgage loan process with The Mortgage Store Online.

Your broker here will start closing your commercial mortgage loan for you after you've chosen to accept your mortgage loan lender's commitment (about how much money they'll lend you, and how they'll lend it to you)

The closing of your commercial mortgage loan will involve:

  1. The lender will send commercial mortgage loan closing instructions for your commercial mortgage loan to the lawyer
    Word to the wise: if you are using one of my institutional lenders (like a bank or trust company) you will be able to choose your own lawyer for the closing of your commercial mortgage loan. If you are using one of my private lenders, sometimes they want to use their own lawyer, but otherwise you will be able to choose your own lawyer.
  2. The lawyer will give commercial mortgage loan documentation to the lender before the lender gives out the commercial mortgage loan funds
  3. The lawyer will give final commercial mortgage loan documentation to the lender
  4. The lender will give the commercial mortgage loan funds to the lawyer
  5. The lawyer will give out the commercial mortgage loan funds to the various individuals entitled to them which may include:
    • The property purchase price to the vendor
    • The property taxes to the government
    • The commercial mortgage loan closing costs, which includes mortgage loan broker fees, mortgage loan lender fees etc.

Start the commercial mortgage loan process today! Fill out the commercial mortgage application.

Want to know more about these commercial mortgage loan faqs topics? 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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Commercial mortgage loan faqs

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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
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