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Updated almost 4 years ago on .

Stephen Brown's profile image
Stephen Brown's profile image
Stephen Brown
  • Member since Sep 16, 2020
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Stephen Brown's profile image
Stephen Brown's profile image
Stephen Brown
  • Member since Sep 16, 2020
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Stephen Brown
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Starting Out

Partnerships + Mortgage Brokers

Stephen Brown
Posted

I plan to invest in rental income properties with a partner and we decided to use a Tenancy in Common Agreement to co-own the properties. We decided on the agreement so we can get a lower mortgage rate.

Question: Is it recommended to share this type of partnership with the mortgage broker when seeking pre-approval? If so, does the mortgage broker consider the partner a co-borrower?  

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