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What are the commercial mortgage loan closing costs?

With The Mortgage Store Online, your commercial mortgage loan closing costs could include the following:

Other commercial mortgage loan closing costs

Commercial mortgage loan closing cost #1: Mortgage loan broker fees

One of your closing costs with The Mortgage Store Online, may be mortgage loan broker fees. What are broker fees? They are fees you may have to pay my mortgage loan brokers for providing you with their commercial mortgage loan services.

Most of the time, you won't pay broker fees! If you used one of my institutional mortgage loan lenders (like a bank or trust company) to get your mortgage loan financing, that institution will usually pay your broker fees for you. Groovy, isn't it?

You might have to pay some broker fees if you use one of The Mortgage Store Online's private mortgage loan lenders to get your mortgage loan financing.

When do you pay broker fees if you have to? Not until you actually sign your mortgage loan contract at the closing of your commercial mortgage loan.

How much will your broker fees be if you gotta pay them? The amounts you'll pay in broker fees will depend on your situation (how much cash you borrow, what kind of properties you're going to get, and so on).

When will you know what the broker fees are if you gotta pay them? The brokers here will let you know what the broker fees are before you sign your mortgage loan contract - at the closing of your commercial mortgage loan.

Apply for a commercial mortgage loan today! Fill out the commercial mortgage application.

Commercial mortgage loan closing cost #2: Mortgage loan legal fees

One of your closing costs with The Mortgage Store Online will be mortgage loan legal fees. What are legal fees? They're fees you have to pay your lawyer or my lender's lawyer for providing you with their mortgage loan legal services.

Mortgage loan legal fees usually include:

  • Mortgage loan registration fees - which are fees are fees you'll pay your lawyer or The Mortgage Store Online's lender's lawyer for them to register your commercial mortgage loan
  • Mortgage loan disbursement fees - which are fees you'll pay your lawyer or The Mortgage Store Online's lender's lawyer for them to disburse your commercial mortgage loan funds to the various individuals entitled to them

When do you pay legal fees? Not until you actually sign your mortgage loan contract at the closing of your commercial mortgage loan.

How much will the legal fees be? The amounts you'll pay in legal fees will depend on your situation (how much cash you borrow, what kind of properties you're going to get, and so on).

When will you know what the legal fees are? The Mortgage Store Online's brokers will let you know what the legal fees are before you sign your mortgage loan contract - at the closing of your commercial mortgage loan.

Apply for a commercial mortgage loan today! Fill out the commercial mortgage application.

Commercial mortgage loan closing cost #3: Mortgage loan lender fees

One of your closing costs with The Mortgage Store Online, may be mortgage loan lender fees. What are lender fees? They're fees you may have to pay The Mortgage Store Online's mortgage loan lenders for providing you with their mortgage loan lending services.

Most of the time, you won't pay lender fees! Not if you use The Mortgage Store Online's institutional lenders (like banks or trust companies) and not if you use it's private lenders. Comforting, isn't it?

When do you pay lender fees if you have to? Not until you actually sign your mortgage loan contract at the closing of your commercial mortgage loan.

How much will your lender fees be if you gotta pay them? The amounts you'll pay in broker fees will depend on your situation (how much cash you borrow, what kind of properties you're going to get, and so on).

When will you know what the lender fees are if you gotta pay them? The brokers here will let you know what the lender fees are before you sign your mortgage loan contract - at the closing of your commercial mortgage loan.

Apply for a commercial mortgage loan today! Fill out the commercial mortgage loan application.

Commercial mortgage loan closing cost #4: Land transfer taxes

One of your closing costs with The Mortgage Store Online, might be land transfer taxes. What are land transfer taxes? They are taxes you might have to pay if you are getting a commercial mortgage loan to purchase property. Depending on where you live, you might not have to pay land transfer taxes.

How much will your land transfer taxes be if you gotta pay them? The amounts you'll pay in land transfer taxes will depend on your situation (how much cash you borrow, what kind of properties you're going to get, and so on).

When will you know what the land transfer taxes are if you gotta pay them? The Mortgage Store Online's brokers will let you know what the land transfer taxes are before you sign your mortgage loan contract - at the closing of your commercial mortgage loan.

Apply for a commercial mortgage loan today! Fill out the commercial mortgage application.

Other commercial mortgage loan closing costs

Hey, there might be other closing costs when you're getting a commercial mortgage loan with The Mortgage Store Online. It just depends on your situation. But the brokers here will tell you about any other closing costs you might have to pay before you sign your mortgage loan contract - at the closing of your commercial mortgage loan.

Apply for a commercial mortgage loan today! Fill out the commercial mortgage application.

Want to find out more info about commercial mortgage loan faqs? Then contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-674-0548.

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The Mortgage Store Online, Inc.
Canadian Head Office: 54 Vansittart Avenue Woodstock, Ontario, Canada N4S 6E4
Home Mortgages: Phone: 1-866-880-2577 Fax: 1-866-270-1984
Commercial Mortgages: Phone: 1-866-674-0548 Fax: 1-866-876-3956

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