Answer: Choosing the lowest mortgage rate often means agreeing to a host of unfavorable terms. Here are six components to watch out for that can sink even the best laid-out investment plans. This can include a fully closed mortgage, add on insurance premiums, equity traps, payment limitations, teaser offers or simply the wrong lender for your portfolio!


The objective is to obtain the best financing terms on as many properties as possible through proper planning and structuring of financing. A lender who is offering the lowest rate for a current deal might not be the right lender for your portfolio from a strategy standpoint. The wrong lender could limit the number of properties you can finance down the road at favorable terms or have an implication on the type of financing you can get from your next deal.

Dalia Barsoum
www.streetwisemortgages.com

The following two tabs change content below.
Canadian Home Trends magazine gives you a personal tour of the most stunning homes and condos across Canada. You'll be inspired by a selection of accessible home décor products, trend reports, simple yet stylish DIY projects, and much more. In each issue, you are given the tools to recreate designer spaces you've always dreamt of having at home, in-depth renovation and design advice, colour palette and furniture pairings, and Canada's best places to shop.