Benefits To Have A Commercial Mortgage

BENEFITS To HAVE A COMMERCIAL MORTGAGE Commercial mortgages 01 typically have lower interest rates than other unsecured business borrowings. Commercial mortgage 02 interest payments are tax deductible which can contribute to reducing your business tax liability. ד Commercial mortgage payment plans Usually extend for a number of years allowing a business focus on other important business matters. 03 04 Substantial capital gain can be made by you when buying a commercial property. Facts About Mortgage In Canada 70% of all household debt in Canada is made up of residential mortgage debt. • National mortgage-in-arrears numbers remain very low, at less than half of 1% • Canadians with mortgages have significant equity in their home, averaging about 74% of the home's value. Designed & Developed In Public Interest By www.Gertmartens.ca Source: http://www.cba.ca/en/media-room/50-backgrounders-on-bank- ing-issues/548-household-borrowing-in-canada 田