Posts Tagged ‘commersial’
Comersial mortgages us a loan made using real estate as collateral to secure repayment and this is similar with residensial mortgage, except the collateral is the commercial building or other business real estate, not residential property. In addition, commercial mortgages are typically taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited company, so assessment of the creditworthiness of the business can be more complicated than is the case with residential mortgages. Read the rest of this entry »