Mortgage Merchant offers Rental Properties Mortgage that can be applied for getting possession of either a newly constructed property or already used properties. We will provide you finance for rental properties at competitive rates.
- Revenue of estimate $1.30 should be produced for every $1 of debt by the property
- The net worth of borrower should be at least 25% of mortgage price.
- Revenue generated from this property should cover the mortgage payments.
- If financing is provided toward 65% or more of property’s worth, mortgage insurance is needed.
Consult with our mortgage broker today for explanation.