Thinking about purchasing a revenue property?

There are some great bargains to be found in the current market. Maybe it's time to think about adding to your real estate portfolio and investing in a revenue property.
Some new mortgages are available for just that purpose for properties with 1-4 units.

*High Ratio - 80.1% to 90% Loan to Value with a 2 to 5 year fixed rate available, maximum 35 year amortization - a premium of 3.5% to 4.75% depending on the LTV plus .20 for each additional 5 years of amortization after 25 up to 35 year.

For both High Ratio and Conventional loans, a 80% rental off set will be used with 50% of other rentals owned added to income.
*Conventional loans up to 80% may be amortized up to 40 years with no premium. A fixed 5 year closed is the only term available at this time on the conventional loan.

The lender was offering variable on this product, but has just suspended the variable product for the time being.

The current rates are 2 and 3 year 5.5%

4 year 5.7%

5 year 5.79%

If you would like to know more about these mortgages (no obligation!), please contact:
Laurie Anne Faulkner
Beyer Mortgage Services
Email: laurieanne.faulkner@beyermortgage.com
Direct: 250.588.2288
She'd be happy to tell you more about them.