COMMERCIAL MORTGAGE BROKER FEES
The fees of a mortgage broker may vary depending on a number of different factors. From the complexity of the project to the location of the property to the down payment used to purchase the property and to many other factors. The range of the fees usually is from 0.5% to 2% of the amount of the commercial mortgage obtained and the fees are payable at closing of the deal. Even by paying mortgage broker fees you could save a substantial amount of money by having a professional mortgage agent helping you getting a better deal for your mortgage and /or a better overall interest rate.
A mortgage agent can also be extremely valuable in saving you time and money in determining which lenders maybe interested in your deal and which lenders may be willing to approve your deal.
The lender may require an application fee in advance which in some cases is fully refundable. By law all fees must be disclose to clients before you sign any kind of commitment. Send some details of the kind of commercial mortgage that you are looking for and we will be able to provide you with a precise quote.
We have access to over 50 Lenders for Commercial Mortgages Find out what could be the lowest commercial rates* available in Canada for your commercial mortgage and get a quote for what kind of fees you could expect. To find out please fill the following form:
* Rates may be based on special requirements and may change daily. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.