Residential mortgages are the most common of mortgages and are the easiest to get approved for. They also tend to have the lowest interest rate. Residential mortgages are for people that dont want to rent and want to own a home.

Commercial mortgages are a little more tough to get and have somewhat more strict. Commercial mortgages are made for those people who would like to be a landlord and have a second income without the work. Commercial mortgages can work out great with the right broker.

Industrial mortgages are very similar to commercial mortgages. They tend to have the same rules and the same interest rates. Industrial is also great if you want to become a landlord and have a extra income. With the right broker youll find the right rate.