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Posts Tagged ‘ Business Opportunity ’
If you wish to purchase a rental property, that is to say, a property not occupied, Multi-Mortgage Loans can provide a wealth of practical advice.
Property for purely rental
- To gain full ownership of rental 1 to 4 units, you have to pay a down payment of 20%. To buy a property of 5 units or more, the minimum down payment required is 15% and the balance sheet of the property must meet the requirements of the lender’s profitability.
Rental property with owner occupier.
- To acquire a property with a dwelling shall be occupied by the owner, the minimum down payment is 5% for a duplex. You will plan a downpayment of 10% for a property of 3 or 4 units and 15% for a property of five units.
Did you know that your home has probably increased in value since its acquisition? With this added value, you can renovate your property. Refinancing as a borrowing cost, which releases the equity in your home and allows you to finance your projects at a great rate.
Did you know
- With refinancing, you can borrow up to 90% of the market value of your condo, single family, duplex, triplex or fourplex that you lived.
- For a multi-dwelling (5 units or more), you can borrow up to 85% of market value.
- For purely rental properties, you can get up to 80% of market value.
- Once your mortgage balance subtracted from the amount available can help you realize your project.
- The refinancing may be requested at any time.
Our Business Consulting division makes us one of the most recognized companies in the field; our team is not limited to solve problems, come to situations that may represent opportunities or threats for your business, providing an objective, multidisciplinary and professional . From a holistic view of business, we work with our clients to develop and deploy practical, business solutions with measurable results.
Our services in this area are:
- Strategic planning: setting goals and long-term, identifying the resources, facilities and activities required for this
- restructuring firms: implementation of extraordinary measures and medium-term to