| Commercial Mortgage Loans are specially tailored for | | | | over the years then you shouldn't have much problem |
| purchasing property that can be used for commercial | | | | in securing a commercial mortgage loan. You can |
| use, the expansion for current business premises, and | | | | obtain a commercial mortgage loan for a standard |
| any residential and commercial investment as well for | | | | period of 25 years with domestic property. It can also |
| property development. | | | | be as short as a ten year repayment term. |
| Difference between residential loans and Commercial | | | | If you are considering buying a business property or |
| loans | | | | expanding your current business you can take |
| If you are considering buying a property of four units or | | | | assistance of a broker like I Loan Resource, we can |
| less, it is considered as a home loan. However a | | | | help you meet all your requirements and provide you a |
| property of five units or more is considered as a | | | | commercial mortgage loan that best suits you. |
| commercial loan. Commercial mortgage loans can be | | | | I Loan Resource use only the best lenders from |
| obtained at different variable interest rates as | | | | worldwide to help you with your loan problems. We |
| compared to residential loans. | | | | have pre-qualified these companies and set strict |
| Commercial Mortgage rates | | | | standards that they must educate you on your loan |
| The interest rate of commercial loans is much higher | | | | and not conceal any costs that you will incur. If you are |
| as compared to the residential loans. This is quite | | | | looking to refinance your home, get a new home loan |
| obvious as commercial loans are considered risky by | | | | or just using your equity to consolidate your debt then I |
| many bank lenders, as the ability to meet the | | | | Loan Resource can help you find the right lender. |
| repayments is dependant on the performance of the | | | | If you are worried that your credit is bad then please fill |
| business. Therefore the rate of interest is charged | | | | out our online form and we will have a specialty lender |
| after the lender has carried out a thorough | | | | contact you and explain how you can get the loan that |
| assessment of your business proposal. If your | | | | best suits you. |
| business has a good standing and has shown stability | | | | |