Flexibility and affordability
- Up to 60% of rental income in credit qualification
- Values your strong credit history and investable assets with the best mortgage rates
- Full range of product options: fixed/variable, open/closed
As you diversify your portfolio for greater returns, our strong real estate values and a hot rental market make investing in rental properties appealing. With our Own-to-Rent Mortgage, we factor in not only your income, but your other investable assets as well, when determining the mortgage size and rate you'll qualify for. And we include up to 60% of your expected rental income. Because of this flexibility, you’ll extend your borrowing power – and all at highly competitive rates.
Our Own-to-Rent Mortgage includes the features of our traditional mortgages, such as portability, assumability and accelerated pay-down options.
|Term||6 months to 10 years (open or closed)|
|Rate||Fixed or variable – you decide|
|Amortization||Up to 25 years (standard); longer amortizations (up to 30 years) available on qualification|
|Own-to-Rent Mortgage (Rates effective 2015-04-13)||Rates|
|Own-to-Rent Mortgage||For current rates, speak to a mortgage advisor.|