It's clear we run different models and we view this property differently. Best wishes with your investments.

Great questions Greg, Here is a screenshot of the numbers analysis (tenants pay gas, hydro & water). I used 4% which is very conservative.

Hi Michael, You can have a re-advanceable mortgage on your primary residence and one rental property which will provide you with equity through the line of credit (which increases) as you pay down the principal.

I like the search function, it works well. The website is easy to navigate through as well. Well done REIN!

Thank you Neil, much appreciated. Have a great day.

Hello, Collateral is revolving, i.e. you can access the monies continuously. A good example is a line of credit, where you can borrow, pay it down then access up the full limit again. Typically, mortgages are registered as a charge where as you pay down the mortgage you can`t access the equity...

Hello again, Be aware that TD mortgages are registered as collaterals effective October 19, 2010 at 125% of your home value. This is great for continuously accessing your equity, however you will be at a disadvantage at renewal time since there will be legal fees incurred to discharge the...

Hi M.J, The re-advanceable mortgage is a great option to access your home equity without requiring to refinance. Depending on how the lender registers the mortgage (collateral or charge) will determine your options at renewal time. I am a mortgage broker, please feel free to call me at...