Rental Property Mortgage Program

Author: Mortgage Architects - mortgage by Patrick Tang |

Reverse Mortgage Richmond Hill

When you purchase a rental property; prime lender will use half of the rental income for the subject property can be added to the gross income for ratio calculators. All the PITH must be included in the ratios. For a purchase, current signed lease agreement or market rent confirmed by an appraisal report. The max loan amount 65% for the prime lender on rental property. Alternative lender can accept more than 50% rental income, some alternative lender even can accept 100% rental income. IF interested, please contact me for more info.



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