Re: What would you do? Income/assets when buying
Posted: Thu Oct 17, 2024 12:20 am
If you intend to earn rental income it usually disqualifies you from a residential mortgage unless you are occupying more than 51% of the living space. So, you would need to budget for higher rates in these circumstances, and assume a more stringent analysis by the bank. You will want to speak to a specialized agent if this is the plan.