A major lender just changed their rental program policy, to make it significantly easier for people to qualify for an investment mortgage!
- 100% of Rental Income can be used for Owner Occupied Rentals. It’s often 50%, unless we’re talking higher interest mortgages, so this can make a huge difference to affordability
- Can now use gifted down payment if the down payment is at least 25% (as I’ve mentioned before, another lender will fund an investment property with as little as 10% down payment from own resources if there’s an additional 10% gifted)
Could you benefit from adding an investment property to your portfolio? We would love to connect you with mortgage advisor extraordinaire Sally Bennett to help make your goals come true!
Sally Bennett 778-793-5699 sally@mortgagenational.ca