Question on financing

[vnarvey]

I am a pensioner. Could a retired pensioner qualify for a mortgage or would I need to find JV partners to buy properties?
Thanks,
Val (Toronto)

 

[GarthChapman]

Val, it will depend on your pension and investment income, and on the financial performance of the investment properties that you purchase.

Talk to a mortgage agent who understands the needs of investors. If your credit history is good and you have enough income to fund your living costs (as determined by your GDS and TDS) you should have no problem - as long as you buy good cash-flowing properties.

Hope that helps,