]Typically, the commercial second mortgage will have a term of one to five years with interest only payments. A commercial second mortgage is an important commercial real estate tool.Commercial second mortgages are often used in conjunction with a new first commercial mortgage loan. While commercial second mortgages can be critical in some financing scenarios, consideration [... There are several types of lenders that offer home loans with the best mortgage rates. From thrift institutions, commercial banks, mortgage companies, and credit unions, obtaining information from these lenders may help you in your search for the best mortgage rates.