Financing required
for non-owner-occupied single family units
purchased for investment purposes. Mortgage
lenders have developed financing programs
for investors involved with, detached,
semi-detached, row and apartment style
accommodations.
Persons qualifying
for this type of financing are not full-time
real estate specialists, but rather
part-time investors.
Lender interest in
such investments varies based on real estate
market conditions, the supply of mortgage
funds, and competition within the mortgage
market.
Assuming favourable
market conditions, investor unit financing
is provided based on the personal covenant
of the buyer,
GDS and
TDS
criteria, and additional considerations
concerning the reliability and durability of
rental income and
cash flow
following expenses and debt service.
Looking to Buy or Sell Luxury
Real Estate In Toronto, North York, Thornhill,
Woodbridge, Vaughan, Richmond Hill, Aurora, King
City and beyond...visit LuxuryBroker.ca
Mortgages247.ca 2011 Apply Online without Blackouts Mortgages247.ca is designed to provide competent and
reliable information regarding the subject matter covered. However it is
provided, free of charge, with the understanding that the authors are not
engaged in rendering legal, financial or other professional advice. Law and
practice often vary from province and province and if legal or other expert
assistance is required, the services of a professional should be sought. The
authors specifically disclaim any liability that is incurred from the use or
application of the contents of this website.
