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Updated about 4 years ago on . Most recent reply

User Stats

46
Posts
14
Votes
Kiril Nikolaev
  • Investor
  • Pickering, ON
14
Votes |
46
Posts

Anyone had luck with 90%-95% LTV on properties in Ontario Canada?

Kiril Nikolaev
  • Investor
  • Pickering, ON
Posted

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?

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