Overview
Assess financing alongside rent, taxes, maintenance, vacancy and the costs of the specific property.
Use figures for the specific property: purchase price, expected rent, vacancy, taxes, insurance, repairs, management and strata costs where applicable. Rental income and property values can change, so test whether the budget still works under less favourable conditions.
The lender decides how it assesses rent, existing properties, personal income and the down payment. There is no single rental-income percentage for every application. Review financing assumptions with the broker and tax questions with a qualified tax professional; returns are not guaranteed.
Key Features
How It Works
Free Consultation
We discuss your goals, review your financial situation, and determine the best mortgage strategy for you.
Compare Suitable Options
I compare rates, terms, lender requirements and costs, and help you work through the requested documents and conditions.