If you are looking at purchasing a typical residential property as a rental, the minimum down payment is 20%.
BUT, did you know that if you are purchasing a multi family property (more than 5 doors), there is insured financing that can go up to 85% or more of the value of the property!
If you are considering buying a rental property, Edmonton is a great location and is one of the top 4 cities for investing in Canada!
A multi family property falls under commercial mortgage financing, which is very different than residential mortgage lending. If you are considering buying a multi family property to add to your investment, book a call with Crystal our commercial mortgage broker today!
Mortgage Sisters West mortgage brokers are your local Edmonton and area mortgage experts! Whether you are looking for residential or commercial mortgage financing we are your trusted advisors!