Hello,
I am a new investor without any contacts to any real estate bankers. I feel that my personal mortgage salesman at my bank will not be able to offer the financing I need for upcoming real estate transactions. Specifically, he will not recognize more than 50% of rental income in the qualification process for mortgages. Is this typical?
Does anyone know of any banks or mortgage brokers that work with real estate investors in the Edmonton area? I would appreciate meeting with someone who has investment experience themselves and is more flexible in extending mortgages to investors.
Any information helps. Thanks.
I am a new investor without any contacts to any real estate bankers. I feel that my personal mortgage salesman at my bank will not be able to offer the financing I need for upcoming real estate transactions. Specifically, he will not recognize more than 50% of rental income in the qualification process for mortgages. Is this typical?
Does anyone know of any banks or mortgage brokers that work with real estate investors in the Edmonton area? I would appreciate meeting with someone who has investment experience themselves and is more flexible in extending mortgages to investors.
Any information helps. Thanks.