Looking at buying an 80 to 160 acre property with a homestead in west central alberta. Anyone know a good mortgage broker that can get the job done for a guy that will barely qualify? Hahaha.
Talk to Diana. Tell her Chris Cichos sent you. She has done some amazing things for both myself and my dad in the past. If anyone can make it work, it’s her.
Your mortgage on an 80/160 acre parcel is completely different then buying a house in the city. You'll need a much larger deposit when it's value is based off the land.
I think they only use the house and ten acres in there calculations if you can qualify. Basically the other 150 acre doesn't count as collateral.
Unless you are talking about a land mortgage and then I think u need 25percent down and also prove you don't really need to borrow the money but are only doing it so you can pay interest
80+ acres mortgage broker
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