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Commercial Mortgage
What are your options with commercial mortgages?
ING DIRECT has 3 separate commercial mortgages for you to choose from, starting from $250,000.
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Commercial Fixed Rate Mortgage
This is the mortgage to choose if you want to protect yourself from the possibility of rising interest rates.
Loan Rate: Fixed, or a combination of Fixed and Variable interest rate.
Loan Term: For no less than 1 year and no more than 5 years.
Loan Repayments: Principal and Interest or Interest Only.
Paid by: Direct debit.
Additional payments: Lump sums up to $20,000 per calendar year.
Monthly fee: There are no monthly fees or charges to worry about. -
Commercial Variable Rate Mortgage
This is the mortgage that lets you benefit from lower interest rates should rates drop.
Loan Rate: Low, variable interest for up to 5,10 or 15 years.
Loan Term: Principal and Interest. (Interest Only terms up to 5 years).
Loan Repayment: Principal and Interest or Interest Only.
Additional payments: Sure, anytime.
Monthly fees: You pay no ongoing monthly fees. -
Commercial Equity Mortgage
This is a Line of Credit that helps you buy or refinance all types of commercial property.
Loan Rate: A low, variable interest rate that is payable only on the balance drawn.
Loan Term: This is reviewed at the end of 5 years.
Loan Redraw: Absolutely. In multiples of $10,000.
Calculators
If you're having a read about commercial mortgages, we think you might be interested in these calculators:
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