Due to the amount of debt associated with the existing properties, one partner had a very low credit score. One partner’s income qualified but the other partner is self-employed. The combined mortgages outstanding for all existing properties is over $1.3 million. They have a down payment of 25% for the future investment property, but lenders won’t allow ownership of more than four residential properties. Thankfully, GLM Mortgage Group had a solution.
Let GLM Mortgage Group guide you through the process of purchasing an Investment Property . Call us now at 604-259-1486.