Finance Options for Investment Properties

CMHC announced their Rental Property program in January, however the Insurance Premium is fairly pricey! At 95% to 100% loan to value the premium would be 7.25% for a 25 year amortization. 40 year amortizations are available however the premium would increase by .60%


This program is available with Purchase or Purchase with improvements for up to 4 units. Clients have to have a strong credit history. It is available under Corporate names with personal guarantees. Income must be verified.

Best current rate on 5 year term is 5.74% and Variable is Prime - .60%.