Lethbridge Real Estate - Rental Properties
LAST CHANCE!!!
Just a heads up to all those Lethbridge real estate investors. The rules regarding the financing of rental properties are changing in just over one months time. After the rules change, it will no longer be possible to purchase revenue property with less then 20% downpayment.
However, if you act fast, you can still purchase under the existing rules.
I have lenders who will allow you to purchase rental properties with as little as 5% downpayment! But you must act fast to take advantage of this before the rules change. I urgently invite you to take advantage of this opportrunity before it is gone, as you will never again have opportunity to leverage your investment in a rental property like is currently available for the next month.
Here is an example of one mortgage product that I have available TODAY!
Rental Properties
- Minimum Credit Score of 650
- 80% Rental Offset for subject property
- Up to 95 LTV Financing on 1-2 Units, 90 LTV Financing 3-4 Units.
- Personal Lending only No Company names.
- 80% Rental offset can be used for non-subject properties when it is verifiable to 2 of the following:
- lease agreement (established)
- economic rental value via appraisal (known rental – history)
- bank statements (1year min)
- Tax Returns.
- No area or location restrictions
- Down payment must be from own resources, no borrowed or gifted down payments accepted.
- Maximum 5 properties (individual units) in portfolio including primary residence.
- Max Mortgage of $1,000,000.00.
| Beacon | GDS | TDS |
| 680+ | na | 44% |
| Below 680 | 35% | 42% |
- Fully Income Qualified.
- All Rentals are insured regardless of LTV.
Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Homes for sale - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
Buying real estate in Lethbridge - Single women are huge in Lethbridge
Lethbridge Mortgage Application - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
Lethbridge Rental Property - Thinking about buying or selling rental property?
Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge
Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.
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