| i invest™
You've done the math. Your residential real estate property
is a solid investment, with good tenants and a positive
cash flow. All you need is a mortgage for the purchase,
to refinance, or to take some equity out for an addition
or necessary renovations.
But, residential real estate investments
often don't easily qualify for mortgage financing. And if
you do find the financing you need, you may have to pay
expensive mortgage insurance premiums, or leverage the equity
in your principal residence.
The i investTM mortgage rewards your entrepreneurial
achievements and gives you the opportunity you need. That's
because i invest™ has been specially designed to make
mortgages for residential real estate investments easier
to get and less expensive to carry.
If you have good credit, i invest™ will make it easier to qualify for the funds you need. And
it can reduce costly insurance premiums for high ratio mortgages.
Key Features & Benefits:
- Approvals up to 85% of property value
(plus lender fee)
- Purchase, refinance or equity take-out
- 3 and 5-year terms, fixed rate
- Amortization up to 25-years
- Minimum $50,000 CDN, maximum $600,000
CDN ($700,000 CDN in certain major centres)
- Weekly, biweekly, semi-monthly and monthly
payment schedules; flexible payment dates available
- Payout anytime with 3 month interest
payment or interest rate differential, whichever is greater
- No lender fees if loan to value is 75%
or less*
* Higher advances available subject to applicable
fees. Get a mortgage up to $600,000 for your investment
property without mortgage insurance.
i invest™ treats you, the investor
in residential real estate, with the respect you are due. |