The owner occupied rental mortgage offers the flexibility needed to own a property while renting a fraction of it to someone else, so you can use the rental income to help repay your mortgage.
The owner occupied rental mortgage is normally used by small but growing families when their own income alone may not be sufficient to qualify for the property you need.
This type of mortgage gives you the advantage to qualify for a bigger property than what you can afford with your income
Not all properties and not all rental agreements may qualify for this type of mortgage, ask me before buying the property.
The owner occupied rental is available for purchases or refinance.
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