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How to get a 2.3% interest only mortgage

RealtorAssist

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Nov 26, 2010
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In this video, I’ll explain how to structure a $300,000 mortgage at $600/month with a variable principle kick back mortgage. I use it for my triplex/fourplex`s in Winnipeg. Hard to qualify for if you own 3 properties or less as rental offset is only at 20%. Once your above 3 rentals, it`s based DCR of 1.2. Which means your rental income has to be greater by 1.2 times then your mortgage payment, taxes, strata etc.

http://realtorassist.ca/vid/lowest-mortgage-payment-canada/

If you go to the blog section, I have also written about it.

Robert Klein
Mortgage Broker, Real Estate Investor,
Founder of RealtorAssist.ca
A: 2465 Bellevue Avenue
West Vancouver, BC, V7V 1E1
C: 778.896.6732 | F:604.648.9701
Email: [email protected]
 
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