Top 3 misconceptions of getting mortgages in a holding company:

❌You need income in the holding company to qualify for a mortgage - You actually qualify using your personal income - just like a regular mortgage. This is why you can get a mortgage for a brand new holding company.

❌Mortgage rates are much higher for a mortgage in a holding company - This is not true at all. In some cases, the rate could be the same as a regular mortgage!

❌It is more difficult to obtain a mortgage in a holding company - While it is true that not all lenders provide lending to a holding company, but there are a lot of them that does (including Big 5 banks)! You just have to know who they are, and this is where having a mortgage agent that is experienced in this area makes a huge difference.

✅As mentioned in an earlier post, a holding company setup is a good tool that can be utilized to grow your real estate portfolio. It is somewhat an unknown goodie to most people.

If you are looking to find out more about this setup, please reach out and I'm more than happy to guide you step by step.