FAQs

Commercial mortgage rates typically range from 3% to 14%, depending on your credit profile, property type, loan amount, and lender policies.

Yes—with lower LTV ratios and strong business plans. Start-ups may need larger deposits, but Mega Mortgages specializes in preparing first-time borrowers

You can explore commercial mortgage options through banks, mortgage brokers, and government programs like BDC or the Canada Small Business Financing Program.

Risks include property value fluctuations, economic downturns affecting repayment, and higher or variable interest rates increasing borrowing costs.

Mortgage interest on commercial properties is often tax-deductible, helping reduce your overall business tax liability.

Interest rates usually range from 5% to 12%, with terms between 5 to 10 years and amortization periods up to 25 years.

Key factors include property value, business financials, credit score, loan-to-value (LTV) ratio, and the property's income potential.

Commercial mortgages are for business or investment properties and have higher rates, larger down payments, and shorter terms. Residential mortgages are for personal homes with lower rates and easier qualification.

A commercial mortgage is a loan secured by business property—like offices, retail space, or warehouses—used for purchasing, refinancing, or redeveloping real estate.

Absolutely. You can pay off your mortgage early—though check for pre‑payment penalties—and refinance later to get better rates or tap equity.