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Commercial open mortgage loan

An 'open' mortgage is a mortgage type that you can make prepayments on, or pay me out - without being charged a 'penalty' for doing so.

Since with this type of mortgage loan there are no penalties for pay out or prepayment, you can become an owner of commercial real estate as quick as you wish. Also, with free prepayments and payout, you can start to make pure profit from renting-out, leasing-out or reselling developed commercial real estate as quick as you wish.

Out for equity take out?

Use an open mortgage loan to get it. With no penalties from it's open nature, you can pay off the cost of getting cash out of your commercial real estate as quick as you wish.

Obtain this mortgage to get a line of credit.

No pay out or prepayment penalties means you can pay off your commercial mortgage loan debt as quick as you wish.

Opting for debt consolidation?

Use and open mortgage to get it. Since there are no prepayment or pay out penalties, your commercial mortgage loan debt can be paid back as quick as you wish.

Apply for an open mortgage today!

Fill out the commercial mortgage application.

Get more information about commercial open mortgage loans

More information about commercial open mortgage loans

Down payments for open mortgage loans:

You can make down payments that are 5%-75% of your real estate's value, on open mortgage loans if you use an institutional lender. And you can make down payments that are 0%-75% of your real estate's value on open mortgages if you use a private lender.

Terms for open 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) for open mortgage loans - with a 6 month to one year term length being the most common. Or, if you use private lenders, you can get short and long terms for open mortgage loans.

Amortization for open mortgage loans:

What amortization can you get for this type or mortgage loan? 5-25 years - whether you use an institutional lender or a private one. 25 years is the most common amortization length if you're using an institutional lender.

Payments for open mortgage loans:

Whether you use an institutional or private lender, you can pay off open mortgage loans with interest only, straight-line principal reduction, and constant payments.

Rates for open mortgage loans:

For open mortgage loans, you can get these institutional rates: fixed rates (which are the most common), adjustable rates, capped rates and convertible rates. And you can get these private rates: fixed rates, adjustable rates and convertible rates.

Apply For A Commercial Mortgage

Wanna find out the meaning of some of these mortgage loan terms? See the mortgage glossary.

Want to find out more info about open mortgage loans? Then 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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