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
Articles

home > commercial mortgages > rates > articles > types of loans > straight line

Commercial straight-line principal reduction mortgage loan

If you get a straight-line principal reduction mortgage loan, you'll pay off your principal (the amount you borrowed) by the end of your commercial mortgage loan's term.

If you choose this type of mortgage loan, you'll re pay your principal speedily. Like, zoom!

Since you repay your principal speedily, using a straight line principal reduction mortgage loan, you can become an owner of commercial real estate quite quickly. And a speedy reduction of your principal can let you start to make pure profit from renting-out leasing-out, or reselling your commercial real estate. And profit is precious.

Sweet on equity take out?

Use a straight-line principal reduction mortgage loan to get equity out of your real estate. That way, you can pay off the cost of getting cash out of your commercial real estate fast.

Stuck on getting a line of credit?

With your principal being paid off fast, your commercial mortgage loan debt can be paid back faster than a bank line of credit.

Seeking debt consolidation?

Use this mortgage type to consolidate your debts. When your principal is reduced fast, your commercial mortgage loan debt can be paid back faster than a credit card or loan debt.

Get this type of mortgage loan today!

Fill out the commercial mortgage application.

Get more information about commercial straight-line principal reduction mortgages

More information about commercial straight-line principal reduction mortgage loans

Down payments for straight-line principal reduction mortgage loans:

On a straight-line principal reduction mortgage loan, you can make down payments that are 5%-75% of your real estate's value - if you use an institutional lender. And on this type of mortgage loan, you can make down payments that are 0%-75% of your real estate's value - if you use a private lender.

Terms for straight-line principal reduction mortgage loans:

If you use an institutional lender, you can get short terms (6 months to 5 years) and long terms (6 years to 18 years) for this type of mortgage loan - with 6-15 year term lengths being the most common. Or, if you use a private lender, you can get short and long terms for this type of mortgage loan.

Amortization for straight-line principal reduction mortgage loans:

There's no amortization for this mortgage loan type.

Rates for straight-line principal reduction mortgage loans:

You can get fixed and adjustable rates for this type of mortgage loan if you use an institutional lender. And you can get fixed, adjustable and convertible rates for this mortgage loan type if you use a private lender.

Apply For A Commercial Mortgage

Hey - want to find out what some of these mortgage loan terms mean? Look at the mortgage glossary.

Need more info on straight-line principal reduction mortgage loans? Contact The mortgage Store Online's brokers by using the contact form or by calling them at 1-866-674-0548.

<< return to types of mortgage loans articles

Commercial mortgage loan articles

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