When purchasing multiple rental properties, it's essential to understand how rental mortgage lenders calculate property income and expenses. By subtracting the expenses of carrying the rental mortgage from the income generated by the property, your overall debt load, from the lender's perspective, often remains unchanged. This approach allows individuals with a stable income to invest in multiple rental properties.
Our Ontario mortgage brokerage specializes in helping investors secure the best mortgage rates in Ontario for investment properties. We work with lenders who are eager to provide investment mortgages and offer competitive terms. Programs are available for down payments as low as 20% (80% Loan-to-Value). Let us guide you on the path to successful mortgage investing.
Through CMHC Mortgage Loan Insurance, approved lenders can assist borrowers in purchasing multi-unit properties with a minimum of 20% down. Borrowers benefit from competitive interest rates for the life of the mortgage and enjoy reduced renewal risk.
Investing in rental properties can be a lucrative venture with the right mortgage strategy. Contact our Ontario mortgage brokerage today to learn more about securing the best mortgage rates and making informed investment decisions. Our experienced mortgage advisors are here to help you every step of the way.
Copyright © 2024 Tordon Mortgages - All Rights Reserved.
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.