FORMS & WORKSHEETS
TOOLS & RESOURCES
FIRST-TIME HOME BUYERS
Purchasing real estate can be a sensible investment. The Rental Advantage product allows qualified borrowers to purchase residential investment properties with a minimum 20% down payment.
Rental income must be confirmed with at least one of the following documents:
1. Port from Rental Advantage to Rental Advantage
The premium will be the lesser of:
2. Port from Rental Advantage to Standard Canada Guaranty-insured Loan
3. Port from Standard Canada Guaranty-insured Loan to Rental Advantage
*Please see the Portable AdvantageTM product sheet for details regarding standard premium rates and the Borrower Loyalty Program.
NOTE: Documents may be requested for review on a case-by-case basis.
NOTE: Mortgage Insurance premiums are non-refundable.
Last Updated: 03/17/2017
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