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).

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

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

Any tips for other creative lending sources such as private would be greatly appreciated.

You probably need a mortgage lending license@Chris Mason@Jay HinrichsGoogle your state statutes on mortgage lending.

(I also sent a private message).thanksJames

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.

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).

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

What are the worries and concerns I should have regarding private lenders?