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Getting a Mortgage On a Rental Property

Can you buy a rental property and secure a mortgage with no money down?

 Answer- yes you can. if you have equity in your current home.

Lenders will allow you to borrow up to 80% loan to value for a conventional mortgage and 85% loan to value for an insured mortgage.You  can then take that money from your home and put it as a down payment on the investment home. We then arrange a mortgage on the investment home as well. You have now bought a rental/investment home with no money out of your pocket. In addition the money you borrowed against your home can be a tax deduction. Please always check with your accountant on those details. Call our office at 604 536-3802 to find out how much you qualify for OR apply online now