* Should I change what kind of mortgage I have since it is technically no longer my primary residence? 

Ideally, it would be something that not only allows to register all the different expenses related to the property and mortgage, but would include the amortization of the mortgage so you can see on the same spreadsheet how much your equity is growing.Thanks

So it required a lot of mortgage statements! 

However, if you put it as a primary residence house, the only liability you will be counted towards is the monthly mortgage payment of the house and removing your rent expenses (since you moved out).

Hello All,I'm Suraj, a mortgage agent from Toronto.

The shut down their mortgage departments at the end of 2023 though. 

One rule helped here (I simplify a lot): you should always count how much money will be left in your pocket after all expenses (including mortgage payments, taxes, fees, utilities, as well as the reserve fund for the current repairs of the property).

In terms of determining if a property is a decent deal, you might want to look at the potential for rent increases in those areas and compare that to your mortgage payments and expenses.

I am purchasing a home using a wrap-around mortgage.

We do this all the time and this seems obvious to us, and this always comes up during a client call.We ALWAYS turn over every stone with a client to make sure the strategy we are employing is a proper fit to them.Again, not a good look coming to my post to just call me wrong and then link your own article.