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Types of commercial mortgage loans with the lowest rate

This mortgage-article will tell you which types of commercial mortgage loans have the lowest rate compared to other types of commercial loans.

The types of commercial loans with the lowest rate include the short term loan, the adjustable rate loan and the closed loan.

Short term commercial mortgage loan

By getting the "short term" commercial mortgage loan - you'll get a lower rate than you would with a commercial mortgage loan that has a longer term.

Short term commercial mortgage loans usually have term lengths between one year to five years. (BTW: A mortgage-term is the length of time that you keep your mortgage before you have to renew it (refinance it) or are allowed to completely pay it off without any hassle or extra-cost).

Here's how it works:

  • If you get a one year term: you'll get the lowest rate you can from a short term mortgage loan.
  • If you get a three year term, or even a five year term: you'll still get a really low rate you can from a short term mortgage loan.

So really, any commercial mortgage loan that you get, that has a term length from 1 year up to 5 years will give you a lovely low mortgage rate.

Get your mortgage today: just fill out the commercial mortgage application.

Adjustable rate commercial mortgage loan

The adjustable rate commercial mortgage loan, is a loan type that has a really low rate. How low?

This type of commercial mortgage loan has the lowest existing mortgage-rate in the world.

But fixed rate commercial mortgage loans (which are the opposite of adjustable rate loans) will always have a rate thatÍs always either equal to, or higher than an adjustable rate.

So when you get an adjustable rate commercial mortgage loan instead of a fixed rate loan, your rate will be the lowest it can be.

Apply online for a commercial loan now!

Closed commercial mortgage loan

A closed commercial mortgage loan is another type of mortgage low that has a nifty low mortgage-rate compared to other types of commercial loans.

A closed commercial mortgage loan has a lower rate than it's opposite, the 'open' commercial mortgage loan. With a closed commercial mortgage loan, you can not pay off chunks of that loan, or pay it out "whenever you want for free" like you can with an "open" commercial mortgage loan. You'd have to wait until your mortgage-term is over before you can pay off some or all of your mortgage loan without paying a fee to do so.

By choosing a closed mortgage loan instead of an open one, and giving up the little luxury of being able to pay-off your mortgage before your term is up (which a lot of people really don't care about anyway), you can benefit from having a commercial mortgage loan with a nice low rate. Now that's a luxury!

Apply for a commercial mortgage today!

Would you like more info on mortgage rate and commercial mortgage loan topics? Contact The Mortgage Store Online's brokers by using the rate quote form or by calling them at 1-866-674-0548.

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