Get a Mortgage for Revenue Properties in Vancouver, BC - Revenue Property Financing in BC
Are you looking to purchase a revenue property and need financing? Are you anxious to develop your investment portfolio?
Keep in mind that purchasing a revenue property does not mean you are purchasing a second home in another part of the province or country for seasonal living or recreational purposes.
Rental properties help you generate income. The income from the property pays for the expenses that the property incurs. These can range from maintenance, insurance and property taxes to the property manager you may need to handle the tenants and rental units.
You will require a different type of financing to purchase your revenue property and there are different lending requirements that have to be taken into consideration. It can be complex.
To simplify your life, why don’t you start with a mortgage broker to get your revenue property pre-approval?
Mortgage brokers are specialists who find financing options for people in all walks of life. We have access to lenders who will lend up to 80% of the value of the property, and in some cases will go up to 100% provided there is additional security!
We deal with many more lenders than traditional financial institutions, lenders who are used to working with borrowers requiring specialty financing.
I work with lenders who have no limits on the size of the mortgage, whether you are buying a condo or an entire apartment building. I will research the best products available to you and look for the best interest rates, the best amortization terms, flexible repayment terms, and the highest borrowing amounts based on the value of the investment property. Financing is available in most areas.
I will meet with you and examine the property you are wanting to purchase to make sure that it will be a viable income producing investment for you. Your rental property expenses, including your mortgage payments, must be covered by the rental income. In case it is not, you must be able to service the revenue property mortgage payments.
You will complete one application for financing and I will present that application to several different lenders, depending on your financial situation and credit history. Our lenders typically lend on cash flow and equity. Usually there is no fee to you for my services and I am there to work for your best interests.
I am often able to obtain approval on the same day and may be able to provide you with several mortgage options when I hear back from the lenders.
From novice to seasoned revenue property owner, a mortgage broker has access to more borrowing options and has the experience to guide you through the maze to successful investment property ownership.
The bottom line is - I'm in YOUR corner, and I can set you up with the best possible mortgage (or otherwise solution) for your needs, period. Even if your situation is "challenging" - you'd be amazed at what's possible with a little creativity...
You can email me here, call me at 1-877-686-4246, or submit a Quick-Quote request HERE...
We'll talk soon!