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Refinance Mortgages
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home > commercial mortgages > refinance > loan types > closed 
Closed refinance mortgage loansGet the "closed" refinance mortgage loan - because it can give you a lower rate than other types of refinance loans can. By using the closed refinance loan to get cash out of your current commercial real estate, it can give you a low low mortgage rate. The opposite type of refinance loan, is the "open" refinance mortgage loan. And just so you know, you can pay off an "open" refinance loan before your term ends without paying a fee. And with a closed mortgage loan , you'd have to pay a fee to your lender if you paid it off before the end of your term. BUT the open refinance loan cannot give you the amazingly low mortgage rate that a closed mortgage can. So vote "closed" today. Want more info on closed refinance mortgage loans? Talk to one of The Mortgage Store Online's brokers by using the refinance contact form, or by calling them at 1-866-674-0548. Extra info tidbit - for this commercial type of refinance loan: Terms for closed mortgage loans:The terms can you get for closed refinance mortgage loans include 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 - when you use an institutional lender. And you can get short and long terms for this refinance mortgage type when you use a private lender. Read more information about commercial closed refinance mortgage loans. |
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