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That’s a nice 320% gain on your investment! When You Use a Mortgage to Finance a Rental Property. Instead of paying cash, you elected to finance your real estate investment with a mortgage. You find the same $100,000 house and purchase it with a 20% down payment. Closing costs and fees are the same as if you paid cash.
who provide loans amounting to as much as 90 per cent of a property’s value, no matter what the cost. penny li, 35, a finance professional, ended up buying a smaller and more expensive new apartment.
A mortgage against the U.S. property you are buying Which option works best for you will depend on various factors, including your personal financial situation, as well as the current exchange rate, Canadian interest rates and U.S. mortgage rates.