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You might get more cash out than you think - with a commercial equity mortgage loan

This article will tell you about how you could get "more cash than you think you can" out of your commercial property, when you get a commercial equity mortgage loan.

The commercial equity mortgage loan appraisal tells all

When you get a commercial equity loan from The Mortgage Store Online, or any other mortgage brokerage for that matter, that brokerage will have an appraiser do an appraisal on your commercial real estate. How come?

Well, an appraiser is a person that comes an looks over your commercial property, and then puts an official "price tag" on your commercial real estate. So they have the authority to determine "how much your commercial property is currently worth."

And having an appraisal done is actually a good thing, because it's very rare that your commercial real estate will currently be worth what you paid for it when you first got it, or worth less than when you first got it. Your commercial real estate will usually be worth more. So what?

If your commercial property is worth more than you think, than you could get more cash out of your property than you think with your new commercial equity mortgage loan. And that's a beautiful thing.

To find out exactly what tells an appraiser that your commercial real estate is worth more, and what makes you get more cash out of your commercial with a commercial equity mortgage loan, keep reading below.

When you made real estate improvements - you can get more cash out with a commercial equity mortgage loan

When you talk to one of The Mortgage Store Online's brokers about getting a commercial equity mortgage loan, make sure you mention to them any improvements you've made on your commercial real estate, inside and out, since you bought it. Why?

Commercial real estate improvement increases the value of your commercial property dramatically. And you need to let your mortgage broker know that you've made significant changes: so they can write that on your commercial equity loan application, so that the appraiser can see that. They'll look at your real estate improvements when they come and do the appraisal, and add value to your commercial real estate's initial purchase price because of those improvements.

By letting the broker/appraiser know your commercial real estate improvements - they can properly assess the 'increased value' of your commercial real estate, and with an increased value on your commercial property, you can get a lot more cash out of it with your new commercial equity mortgage loan!

When the real estate market is humming - you can get more cash out with a commercial equity mortgage loan

One of the factors you can't control when an appraiser determines the value of your commercial real estate is the general state of the real estate market.

In the past 3 years, the value of real estate in general in North America has increased by 40%. Whoa. That means the commercial property you bought 3 years ago, could be worth up to 40% more than it was when you first bought it.

For example, if you bought your commercial real estate for $250,000 say, 4 years ago, it could now be worth $350,000, which means it would be worth $100,000 more than it was when you bought it. Which means - you could get up to $100,000 more out of your commercial real estate with a commercial equity mortgage loan!!!

Apply now! Fill out the commercial mortgage application.

Want to learn more about commercial equity mortgage loans? Contact The Mortgage Store Online's brokers by using the commercial equity contact form or by calling them at 1-866-674-0548.

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