ryse residences condo 

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coolerfreezer111
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Joined: 11/15/2018
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Loans

Borrowers for commercial properties areĀ ryse residences condo allowed to take a loan-to-value ratio (LTV) of up to 80%, even with outstanding residential mortgages. The maximum loan tenor typically stands at 30 years. However, loans for commercial property tend to command a higher interest rate relative to residential property loans. Like the latter, these loans come in:

Fixed Rate Package
Variable (Floating) Rate Package
The requirements for a commercial loan, however, are more stringent. For example, the LTV ratio is contingent on whether the property is for owner-occupation or investment, with the latter subjected to stricter criteria by some banks. The next section explains the approval conditions in greater detail.
  Sunday, May 31, 2020 at 1:57:32 PM

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