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Loans-Mortgages secured by commercially zoned propertyLoans secured by commercial property are traditionally on a higher interest rate than residential property mortgages. They are usually also over a 15 year maximum loan term with a maximum interest only period of 5 years. Commercial lending is highly specialised as the typical commercial loan scenario is a lot more complicated than it's residential counterpart. Commercial property loans often involve multiple entities (trusts, individuals and/or companies) and guarantors due to the way they are structured to maximise a client's taxation benefits. Some mortgages involve a mixture of residential and commercial security and in such cases many lenders will lend the total loan amount at a mixture of residential and commercial products and interest rates. The amount of commission a mortgage broker receives for a commercial loan is usually less than for residential lending. If you would like to know more about commercially secured loans and what rebate refund would apply then please call us. Call or email for lender's comparison rate schedules or specialised Mortgage Software generated comparisons that details relevant features of competing loan products side by side and also gives an AAPR (average annual percentage rate) which is an indication of the 'true' cost of the loan over a seven year term. The above Commercial Loan content is information only and should not be construed as financial advice. Call Rebate now on
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