Income and Debt
Lenders will assess your income and existing debts to determine your ability to repay the second mortgage. While income is a consideration, lenders may focus more on the equity in your property.
This is your chance to own 6 to 20+ rental units with as little as 5% down (up to 95% financing available). Take advantage of CMHC-backed financing and start growing your rental portfolio today
Author: Canadian Tailored Mortgage Solutions |
Lenders will assess your income and existing debts to determine your ability to repay the second mortgage. While income is a consideration, lenders may focus more on the equity in your property.