Mortgage companies - higher than 80% LTV?

[MooseHead]

Hey everyone, just wondering if anyone is aware of any company currently offering higher than 80% LTV mortgages on rental properties?



I know Xceed was offering mortgages with only 10% down and Firstline at 15% down a few years ago but not any longer after things have tightened up. Any new ones out there I'm not aware of?



As a side note, Canada Guaranty has a program offering homeowners the ability to purchase a second home with as little as 5% down which I was unaware of until today. I'm sure most here are more in the loop than the general public but I hadn't heard mention of it at all. Just thought I'd pass that along!



Cheers,



MH

 

[Thomas Beyer]

Many second mortgage lender go higher than 80% .. at 10%+ interest rates usually on the portion over 75% LTV.. The trick is to pay that off ASAP, say after upgrades and a refi 6-18 months after acquisition as otherwise the chance to make money disappears fast !

 

[Neil1]

Google private money. Good luck growing your rental business faster.

You are thinking correctly total ROI-wise.