THE

REALTOR 3.29%             RENTAL MORTGAGE

Qualify up to $1.5 Million with your 2020/21 Closed & Pending Commission Income

WHAT IS IT ?

  • Qualify up to $1.5 Million on a Residential First Mortgage at 3.29% Fixed

  • Qualify with your 2020/21 Paid & Pending Commission Income  

  • 100% of Rental Income used to Qualify

  • Applies to both Purchases and Refinances

  • Terms: 1-3 Years, Up to 30-Year Amortization and 80% Loan to Value, and Portable

  • Holding Companies Permitted

  • Up to 10 Properties Allowed

 

WHY IS THIS MORTGAGE AMAZING?

  • No Canadian Bank has ever offered these Mortgage Terms for Rental Properties.

  • 100% of Commission Income used to Qualify

  • NO Personal Tax Information or Financial Statements

  • NO Notice of Assessments or T1-Generals Required

RATES & FEES:**

  • Income Property (up to 4 units):   3.29% FIXED

  • Owner Occupied Rentals:   2.79% FIXED

  • Mortgage is Registered with Canadian Bank

  • Must close within 90 days of Approval

  • Lender & Brokerage Fee: 1.5% of Mortgage Amount

  • All Closing Costs and Fees can be deducted from new mortgage.

** Mortgage Rates of 2.79% / 3.29% APR Fixed may change at any time without notice.

 

USED 100% OF MY GROSS COMMISSION INCOME

"I own and live in a duplex. I wanted to refinance to take advantage of these historically low interest rates. I qualified based on my 2020 Gross Commission and even my Pending Income - which I had never heard of before. This made a huge difference - it allowed me to refinance and consolidate all of my debt. Really great service too. I highly recommend!"

Nadia L, Re/Max

MORE THAN 5 PROPERTIES - BANKS WON'T FINANCE.

"I own 5 income properties and had just purchased my 6th. The bank would not do my Mortgage because I owned more than 5 properties. I didn't know about this limitation. I was referred to Apostolos and was approved for The Realtor Rental Mortgage quickly without tons of paperwork. This mortgage goes up to 10 properties - so I'll definitely be using this for my next few purchases. 5 star service too."

 

Malcolm J, Royal LePage