The Commercial Mortgage Rate for commercial mortgage is usually higher than residential mortgages, but they are lower than unsecured business loans. A fixed-rate commercial loan is the most commonly obtained commercial mortgage, as having a set rate is predicable and safe. However, variable rate mortgages are offered as well. The term length is usually set between three and ten years, but an extension exists all the way up to 25 years. If a commercial mortgage interests you, look into the possibilities available to you at Syndicate Mortgages with our Online Commercial Mortgage Application. For more information about our process kindly visit http://www.mortgagelowestrate.ca/mortgage-renewal.html
