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Can I Get a Mortgage for a Rental Property in Toronto?

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Can I Get a Mortgage for a Rental Property in Toronto?
 
Can I Get a Mortgage for a Rental Property in Toronto?
 

I have been hearing many different things about rental properties and the investment potential they offer. I was wondering if there was anyway I could get a mortgage for a rental property in the Toronto area.


What are some of the basic requirements to qualify for a rental property mortgage?

 
Thanks
CAN I GET A MORTGAGE FOR A RENTAL PROPERTY IN TORONTO
 

Answers

By Canadalend
Hi there Lily,
 
Thank you for reaching out to the Candalend team regarding mortgages for rental properties in Toronto.
 
Yes, you can most definitely get a mortgage for a rental property as long as you qualify.
 
The basic requirements for qualifying for a rental property mortgage are the following:
 
- A Signed Tenant Acknowledgement Form
  - Lease Agreements
  - Mortgage Statements
  - Tax Bills
  - Home Insurance Information
  - Proof of Income
 
If all these requirements are in place then the application process is similar to that of any other mortgage application. 
 
I hope this has helped answer your question regarding rental property mortgages, Canadalend offers mortgage solutions to Toronto and the surrounding area.
 
Feel free to contact the Canadalend Team today!
 
 
 
 
can i get a mortgage for a rental property in toronto?
 
READY TO LEARN MORE ABOUT CANADALEND'S MORTGAGE SOLUTION OPTIONS? 
 
 
5 comments
Level 4 (XP: 1050)
8 months ago
great, thank you for sharing
Level 2 (XP: 250)
8 months ago
Remember to contact a member of the Canadalend team today to learn more about the options available to you
Level 6 (XP: 2450)
9 months ago
great question lily
Level 2 (XP: 250)
10 months ago
Thank you for the positive feed back
Level 3 (XP: 950)
10 months ago
good to know, thanks for the helpful information

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