Whether you are buying a home to owner-occupy with a rental suite (a great mortgage helper!) or a rental property on its own, take advantage of one of the very few lenders offering deep discounted low interest rates and providing up to 80% loan to value on a 40 year amortization (yes, a 40 year amortization is still available!).
More importantly, the lender will use an 80% rental offset on the subject property. What that means is if the rental income is $1,200 per month, then the lender will deduct 80% of this rental income (or $960) off of the mortgage payment for qualifying purposes. We have helped many clients that now enjoy home ownership today by using the above scenario.
About Us
The Mortgage Centre - BC Direct Mortgages is owned by Ed Kolisnyk and Shannon Brolund, a father-daughter team working together since 2000. Our Mortgage Centre Kelowna brokers work for you, not the lenders, and are committed to providing you with the best available package of rates and features for your particular situation.
BC Direct Mortgages Inc. is an independent member of the Mortgage Centre Network. Please note that the information in this blog is for general information purposes only, and the rates and/or terms are subject to change without notice. The views or opinions expressed are the author's own and may not reflect the views or opinions of any of our lenders or any other source.