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Updated almost 5 years ago,
Best lenders for rental property?
Hi guys,
I'm currently aggressively saving for a down payment with the goal of getting into the student rental market. Once I get my first property, my goal would obviously be to maximize cash flow. In that regard, I've heard of financing terms in the US where the lender allows you to only make interest payments for the first two years of the loan and start paying down the principal from the third year onward. Are such terms typically available to first time buyers in Canada by the big five banks?
Thanks!