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Residential vs Commercial Mortgages

Posted onApril 15/2019By

When it comes to mortgages, the usual scenario is that a residential property owner wants to buy a commercial property and thinks that the same mortgage rules and criteria apply. But this isn’t the case. Financing for a commercial property is very different from financing for a residential property. This is because the rules are different and for the most part you are dealing with a different set of lenders. In this article, we are going to look at the differences between residential and commercial mortgages. Residential vs Commerical Mortgages A key difference between being accepted for a commercial mortgage…

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