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Updated over 6 years ago,
Refinance a rental property
Hi Everyone,
I am looking to refinance my 1st rental property that I bought 3 years ago in order to get a downpayment for a 2nd one! I have my primary residence mortgage and the rental property mortgage both through a commercial bank in Canada(RBC). I have a meeting to refi. set with them for 3 days from now, and I was wondering what kind of numbers they will need from my rental property ( eg. Monthly income, expenses, insurance, taxes, etc)?? Obviously I will need a recent paystub from my current job, and a tax assessment. I want to look as prepared as possible!
Any help from my fellow Canadian investors is GREATLY appreciated!!
Thank you in advance!