THE
REALTOR RENTAL MORTGAGE
Qualify up to $1.5 Million with 100% of Closed & Pending Commission Income
WHY IS THIS MORTGAGE AMAZING?
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Qualify up to $1.5 Million on a Residential First Mortgage
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Qualify with 100% of Paid & Pending Commission Income
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100% of Rental Income used to Qualify
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Applies to both Purchases and Refinances
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Terms: 1-3 Years, Up to 30-Year Amortization and 80% Loan to Value, and Portable
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Holding Companies Permitted
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Up to 10 Properties Allowed
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INCOME REQUIREMENTS
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Commission Statements and Brokerage Letter
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NO Personal Tax Information or Financial Statements
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NO Notice of Assessments or T1-Generals Required
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RATES & FEES:**​
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Income Property (up to 4 units):
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Mortgage is Registered with Canadian Bank
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Must close within 90 days of Approval
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Lender & Brokerage Fee: 2% of Mortgage Amount
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All Closing Costs and Fees can be deducted from new mortgage.
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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!"
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Nadia L, Re/Max
MORE THAN 5 PROPERTIES - BANKS WON'T FINANCE.
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"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
