Mortgage for rental Possessions in Ontario Frequently asked questions

• Which have the very least credit score of 300 so you can 850
• Getting a home that can build sufficient earnings in order to solution the newest financial
• That have a loans provider exposure proportion of just one.step one or maybe more
• Having the capacity to settle brand new down payment, and you will
• Accepting the newest amortization provided by the financiers

• The value of the property must be over 1 million Canadian cash
• The property have to have a minimum of 4 units
• Just be remaining in among systems during the property

Providing home financing to possess accommodations assets may sound difficult, thanks to the rigid lowest criteria imposed by loan providers. […]