Realtor Jargon:
Application fee:
An application fee is charged by some lenders and may include charges for items such as property appraisal and/or a credit report unless those fees are reported separately.

Commercial%Mortgage

Commercial Mortgage

A mortgage used to buy a commercial piece of property or commercial building.

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For a more indepth definition or explanation of Commercial Mortgage and how it affects your real estate transaction, call me!