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Updated about 6 years ago,

Joel Arndt's profile image
Joel Arndt's profile image
Joel Arndt
  • from Hamilton, On
  • Member since Jul 4, 2018
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75
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36
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Joel Arndt's profile image
Joel Arndt's profile image
Joel Arndt
  • from Hamilton, On
  • Member since Jul 4, 2018
Connect
Joel Arndt
  • Hamilton, On
36
Votes |
75
Posts
Canadian Real Estate

Principle Only Payments in Ontario

Joel Arndt
  • Hamilton, On
Posted

I'm working numbers for a deal and one of the options I want to offer the seller is principle only seller financing. Is that legal in Ontario? I seem to remember reading somewhere that there has to be at least 1% or 2% interest on any secured loan, in this case, a VTB, but I can't seem to find anything stating that specifically.

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