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What to consider before choosing commercial mortgage property


Once you start thinking about owning a business, you cannot overlook the fact that you need to own a company address. A company address cannot be your residential address. You must own a commercial property. Residential and commercial property is different. Once you own a property, you must register it as either residential or commercial. You cannot use one property to serve the purpose of others.

The difference 

Residential property is registered to use for residential purposes only. You can only use it as home to live in it. A commercial property, on the other hand, is used for commercial purposes. All the offices, factories, farming lands are considered commercial properties.

Commercial mortgage

Buying a commercial property is much too expensive. Commercial properties are always more expensive than residential properties. If you are starting a new business, it is highly recommended to go for a lease instead of buying. You can opt for a mortgage as well. If you are living in Toronto and looking for Toronto commercial mortgage rates company, Sherwood Mortgage company could be your best bet.

Why choosing a professional company is better than going to a local broker?

You can go to a local broker of course. They would also help you with everything but there are certain points to keep in mind. Local brokers are only looking to make profits for themselves and they charge a hefty amount in commission. Also most of the brokers cannot keep up with the latest laws and rules.

On the other hand, a professional company is always training their brokers to keep up with all the latest laws and rules passed by the government. As a brand they care about their reputation. They also provide much cheaper rates. Also you can rely on them to get you the best offers. They know about all the best rates across all Canada so you can trust them to get you the best deal. 

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