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What are the most important differences between commercial and residential loans?

What are the most important differences between commercial and residential loans?

Thinking of using a recent inheritance to buy a business property? Or should you just apply as an investment property.

One key difference between commercial and residential loans is that commercial loans have significant pre-payment penalties. That means they are less flexible. A residential loan can be paid in full ahead of its term at any time, typically without penalties.

 

 

 


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