Rental Program

Mortgages
Written By David Pipe

A rental program is a mortgage product designed to assist individuals in financing properties intended for rental income. These programs help buyers leverage the projected income from a rental property to meet mortgage qualification requirements.

 

Key Aspects of the Rental Program:

  • Income-Based Qualification: Lenders consider the potential rental income as part of the borrower’s total income to determine mortgage eligibility.

  • Ideal for Investors: The program is tailored for those interested in generating income through real estate investment.

  • Flexible Payment Terms: Some lenders may offer options for interest-only payments, which can improve cash flow for landlords.

 

Rental programs make property investments more accessible by allowing rental income to be factored into the mortgage approval process.

To find lenders who specialize in rental programs, read our Lender Reviews.

 

Learn More About Any of These Terms:

David Pipe

David Pipe helps business owners, investors, and first-time homebuyers build and protect family wealth with creative financing and tax-efficient life insurance solutions. He is an award-winning mortgage agent and life insurance agent in Ontario. David believes education in personal finance and seeking great advice is the best way to reach our financial goals, and he is focused on sharing his knowledge with others. He lives in Guelph, Ontario with his wife Kate Pipe and their triplets (and english bulldog Myrtle).

https://www.wealthtrack.ca/about#about-david-pipe
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