[snappingpig]

Can someone please explain to me the difference between these two loans? I am into real estate and I am planning on buying property but I'm not sure exactly what type of loan I should be taking out and what one is best for this stage. I am first going to buy the property and then later on I will be renovating it and improving the value of the property.

I'm not sure if the Real Estate loan is for renovating it or if this is what the commercial loan is for. Vice versa goes to the actual buying of the property. Could anyone list the statistics for these types of loans as well, such as APR, length of time for the loan, important details like that etc. ?

Thanks