Commercial Mortgage Broker
Western Australia is the largest state in Australia. It takes up a third of the entire country, but despite its enormous size, there are only 2.3 million people calling it home. Most of the population resides around the south-west corner, mainly in Perth. The property market across the state varies, but residential properties throughout the state are generally affordable. With Western Australia occupying such a huge portion of the country, the climate varies between the various regions. Here at Selectabroker we are professionals and experts on being a mortgage broker Perth WA and administer leading services you can trust.
How long does a commercial loan run for?
The term of a commercial loan can vary from 1 year to 20 years. It really depends on the lender’s policy and the type of loan structure you require. The stronger your cashflow and balance sheet position is the more options you will have. Call us to discuss your business and personal financial goals and structure that with what the lender is prepared to offer. We will review variable rate, fixed rate and interest only options. To help you decide which product or combination suits you.
Variable commercial loans
Variable rates for commercial loans are generally higher than home loan rates. How much higher depends on the risk that the banks consider is relevant to your loan application. With these loans the rate can go up or down or stay the same depending on interest rate movements by the reserve bank of Australia. Although banks don’t always follow as seen in recent years. To check for brokers located in your area go the following pages
When you hear the phrases “commercial mortgage broker Perth” or even “mortgage broker Perth WA” your mind should pinpoint to the leading team here at Selectabroker. We have approximately 60 hand picked brokers Australia wide that are experts at all types of loans including home and investment, commercial, rural and plant and equipment loans. Finding the right lender is hard enough, and finding the right broker can be just as hard. We ensure that we provide a path to help you find the right broker for your needs.