Anyone had luck with 90%-95% LTV on properties in Ontario Canada?
Hi all, I am thinking about leveraging some of my existing residential properties. Essentially, taking out a 2nd mortgage to get to +90% LTV for one year or so. Has anyone done that? If yes, what has your experience been like?
Obviously, I understand the interest rate is higher for that portion of the loan. But did you have a hard time finding a lender for that?
If you have a current A lender 1st mortgage (with TD or Scotiabank for example) with 80% LTV, is this even possible?