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
FAQs

home > commercial mortgages > rates > FAQs > general > qualification

How do I get commercial mortgage loan qualification?

With The Mortgage Store Online, you either need a down payment, or good credit, or verifiable income, or equity in property or purchase property income to get commercial mortgage loan qualification.

Down payment to get commercial mortgage loan qualification

You can make a down payment to get commercial mortgage loan qualification from The Mortgage Store Online. What's a down payment? It's a sum of money: a percentage of your property's purchase price (usually 5% and up) that you pay pronto when you get a commercial mortgage loan.

A down payment gets you commercial mortgage loan qualification by giving The Mortgage Store Online's lenders a bit of security in their lending with you. What happens when you give The Mortgage Store Online's lenders a bit of security in their lending? They'll be gung-ho about lending you money to get a commercial mortgage loan.

It's a great idea to use a down payment to get mortgage loan qualification: it'll save you big bucks! How? Well, if you make a down payment you can have a tinier principal (a borrowed amount) than you would if you didn't make a down payment. And a tinier principals means there's a smaller borrowed amount for you to be charged interest on by your lender. So your cost in interest will be far lower than if you didn't make a down payment - and wham! You'll be saving money.

Go ahead - get commercial mortgage loan qualification. Fill out the commercial mortgage application now!

Good credit to get commercial mortgage loan qualification

You can use your good credit to get commercial mortgage loan qualification from The Mortgage Store Online. What's good credit? It's when you have a credit score over 680 points (The brokers here can tell you your credit score).

Good credit gets you commercial mortgage loan qualification by letting The Mortgage Store Online's mortgage loan lenders know you can pay back the financing they lend you for your commercial property. What happens when you can show them you can pay them back? They'll want to lend for you to get a commercial mortgage loan.

It's a great idea to use your good credit to get mortgage loan qualification: you can lower your cost of getting a commercial mortgage loan! How? Well, if you can show you have good credit, you can get away with making a small down payment or none at all. And if you only have to make a low down payment or no down payment at all, it can be super-low-cost for you to get a commercial mortgage loan.

By using your good credit to get mortgage loan qualification you can also get away with not showing your income. Are you self-employed? Do you not make consistent income? Have you only been in an employment position for a short time? If you answered yes to any of these questions, not having to show your income to get a mortgage loan can be a relief!

Go ahead - get commercial mortgage loan qualification. Fill out the commercial mortgage application now!

Verifiable income to get commercial mortgage loan qualification

You can use your verifiable income to get commercial mortgage loan qualification from The Mortgage Store Online. What's verifiable income? It's when you have steady, provable income like employment or investment income.

Verifiable income gets you commercial mortgage loan qualification by letting The Mortgage Store Online's mortgage loan lenders know you can pay back the financing they lend you for your commercial property. And they will be ecstatic to lend for you to get a commercial mortgage loan.

It's a great idea to use your verifiable income to get mortgage loan qualification: you can lower your cost of getting a commercial mortgage loan! How? Well, if you can show you have verifiable income, you can get away with making a small down payment or none at all. And if you only have to make a low down payment or no down payment at all, it can be super-low-cost for you to get a commercial mortgage loan.

Go ahead - get commercial mortgage loan qualification. Fill out the commercial mortgage application now!

Equity in property to get commercial mortgage loan qualification

You can use your equity in property to get commercial mortgage loan qualification from The Mortgage Store Online. What's equity in property? It's when you have money invested in a property, whether you completely own it or have a mortgage loan on it that's somewhat paid off.

Do you have equity in property by totally owning a property? That equity in property gets you mortgage loan qualification by giving The Mortgage Store Online's lenders a bit of security in their mortgage loan lending with you. What happens when you give The Mortgage Store Online's lenders a bit of security in their lending? They'll be thrilled about lending you money to get a commercial mortgage loan.

Do you have equity in property by having a partially paid off mortgage loan on a property? You can get cash out of that property to use as a down payment for your commercial mortgage loan. What's a down payment? It's a sum of money: a percentage of your property's purchase price (usually 5% and up) that you pay pronto when you get a commercial mortgage loan. A down payment gets you commercial mortgage loan qualification by giving The Mortgage Store Online's lenders a bit of security in their lending with you. What happens when you give The Mortgage Store Online's lenders a bit of security in their lending? They'll be cool with lending you money to get a commercial mortgage loan.

By using your equity in property to get mortgage loan qualification you can also get away with not showing your income. Are you self-employed? Do you not make consistent income? Have you only been in an employment position for a short time? If you answered yes to any of these questions, not having to show your income to get a mortgage loan can be enlightening!

Go ahead - get commercial mortgage loan qualification. Fill out the commercial mortgage application now!

Purchase property income to get commercial mortgage loan qualification

You can use your purchase property income to get commercial mortgage loan qualification from The Mortgage Store Online. What's purchase property income? It's income that can come from the property you're getting a mortgage loan for, like rent payments from current tenants.

Purchase property income gets you commercial mortgage loan qualification by letting The Mortgage Store Online's lenders know you have a form of income that can go towards paying back the financing they lend you for your commercial property. What happens when you can show them you have a way to pay them back? They'll be ecstatic to lend for you to get a commercial mortgage loan.

It's a great idea to use your purchase property income to get mortgage loan qualification: you can lower your cost of getting a commercial mortgage loan! How? Well, if you can show you have purchase property income, you can get away with making a small down payment or none at all. And if you only have to make a low down payment or no down payment at all, it can be super-low-cost for you to get a commercial mortgage loan.

Go ahead - get commercial mortgage loan qualification. Fill out the commercial mortgage application now!

Want to learn 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.

<< return to general mortgage faqs

Commercial mortgage loan faqs

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