Posted on: 30th Jul, 2010 09:46 am
In AUS, Commercial property =$120k, improvements needed = $80k. funds= $80k. Which is better $80k deposit on a $200 loan or $20k on a $140k loan. :?:
You need to check out with the local lenders whether or not you would be able to get a home improvement loan when you're buying a commercial property. As far as the loan options are concerned, you need to check out what type of interest rates you are receiving. You should also compare the monthly payments in case of both the loan options in order to know which one is affordable for you. Depending upon that, you need to go for the loan.