In wake of new mortgage rules, couple of lenders had temporarily stopped financing pure student rental properties. But at AKAL Mortgages, we've access to a lender that can finance student rental properties (condos as well as homes) with following criteria:
- 15% - 25% down payment;
- 40 years amortization; and
- Credit issue/Income Issues/Property Issue can be worked out.
Great deals for Kitchener, Waterloo, Guelph, Cambridge, Brantford, London, Woodstock properties. Same deal can also be extended to other properties such as Principal Residence and Investment Properties.