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Residential Property Loans Newcastle

Are you looking to finance your dream home for the future? Check out our portfolio of Residential property & home equity loans to find the best option in Newcastle.

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Residential Property Loans Newcastle

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  1. Factors That Would Make or Break Commercial Mortgage (Loan) Approvals If you are a property owner thinking about acquiring an apartment building, you’re not going to be alone. But what exactly is the difference between buying a house and buying an apartment community? Well, that opens up the question of what exactly is the difference between commercial and residential real estate? Commercial property loans provide funds to buy properties that are used for business purposes. Examples of commercial properties include: - Office space - Retail stores - Factories - Warehouses and specialist properties such as medical centers, restaurants, or apartment complexes. Getting a loan is never going to be an apple pie and there are certain factors that will stop your claim approval: 1. Poor credit history 2. Limited cash flow 3. Lack of a solid business plan 4. Disorganization Even the failure to shop professional advice will kill of your chances. We are Personal Loan Broker Newcastle, contact us! Prepayment differences between residential and commercial loans Firstly, commercial borrowers also need to consider prepayment penalties, which are fees incurred for paying off a mortgage loan before it reaches maturation. These prepayment fees are not typical in the home mortgage world. If you take out a loan for your primary residence and win the lottery the following year, you are going to typically be able to pay off the remaining balance of your home loan without incurring a fee. Well, this scenario does not fit the bill for commercial loan seekers. Because If you are going to pay off your mortgage early, your lender is going to need to obtain that interest revenue through a fee. How we can help?

  2. Taking out a commercial property loan is a big decision. The market is highly competitive and there is a vast range of products on offer. Our mortgage lenders Newcastle are licensed & experienced investors will assist you to make your transition process overall hassle-free. Contact us today for an obligation-free chat! We’ll take the time to understand your business needs before providing you with appropriate advice. And best of all, our service is free! Talk soon!

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