mortgageratesintoronto
SELECTING THE RIGHT MORTGAGE – How Do You Know Which Mortgage Is Right For You?
Knowing what you need is an important first step towards figuring out what the right mortgage is for you. Assess your needs based on these questions:
What kind of property are you buying?
How much down payment can you put on the property?
How long do you plan to stay in this home?
How flexible are you in paying off your mortgage debt?
What’s the best rate you can afford?
What mortgage term is best?
We specialize in commercial mortgages and industrial mortgages in Toronto and anywhere in Southern Ontario.
Whether your looking to buy your first warehouse or retail outlet or build from the ground up, we will help you navigate through the process to get the financing that is right for your business.
At Toronto Mortgage Rates, we have access to major lenders as well as private lenders and other lenders that will only work directly with mortgage specialists.
In a commercial mortgage, the borrower most often is a business or company versus an individual. The company can be incorporated or unincorporated. The borrower in this case may be buying anyone of the following types of commercial mortgages from the lender:
Industrial Mortgage– This could be a warehouse, factory or similar.
Commercial Plaza Mortgage– Any type of retail or storefront.
Office Mortgage– Any type of office building or unit.
Multi-Residential Mortgage– Buying a building that houses multi-families or tenants as an investment property.
Construction Mortgage– Financing the costs to build or renovate an industrial or multi-res building.
