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Updated over 9 years ago on . Most recent reply

Massimo Salerno's profile image
Massimo Salerno's profile image
Massimo Salerno
  • Investor
  • from Montréal, Québec
  • Member since Jan 10, 2016
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Massimo Salerno's profile image
Massimo Salerno's profile image
Massimo Salerno
  • Investor
  • from Montréal, Québec
  • Member since Jan 10, 2016
Connect
Massimo Salerno
  • Investor
  • Montréal, Québec
6
Votes |
33
Posts
Private Lending & Conventional Mortgage Advice

Financing for Canadians

Massimo Salerno
  • Investor
  • Montréal, Québec
Posted

Hi all!

I approached BMO HARRIS and ROYAL BANK for financing. I have 2 homes with no mortgage on them, one of the homes is rented and I would like to re finance the rented home. The other Home is being rehabbed. Discussion was going well until I told them that the home was rented and they advised me that the do not lend due to this? It makes n sense to me? Income coming in and no mortgage on the house.. any suggestions for us canadians with a traditional lender/bank? Thank you!

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