Increase Your Rental Property Purchasing Power Instantly!

Purchasing a rental property is an excellent way to create wealth in real estate, and finding the best mortgage solution is necessary in making this investment a success!

To qualify for a rental mortgage the borrower is relying upon rental income to offset their expenses on their new purchase. The amount of rental income allowed in the calculation depends on the bank.

Typically, most banks allow only 50% of rental income to be used in the mortgage calculation.

However, there are a select few lenders allowing 80%, and in some cases even 90%, of rental income to be used in the calculation!

On a property expecting to earn rental income of $2,600/m, increasing the allowable rental income from $1,300 (50%) to $2,080 (80%) will increase the average borrowers purchasing power by over $100,000.

This is a massive increase in purchasing power, and could give you a competitive advantage when writing offers on properties.

If you’d like to learn more about these lenders and explore your maximum lending amount you can contact me via email or by phone @ 778-215-4121.