Casa Linda will provide vendor financing for your new villa with the following downpayments and rates:
- 70% down: 5.95%;
- 80% down: 2.95%
You can pay off your mortgage without penalty at any time.
- You will not require as much cash up front, possibly giving buyers the ability to purchase sooner
- Less exposure to fluctuating exchange rates, USD/CDN and/or other currencies
- Re-payment from rental profit only. No extra out of pocket expenses each month to support a second home.No specific credit rating or income qualifying requirement
- No hassle dealing with out of country banks
PAY ONLY 70% & FORGET THE BALANCE!
With an initial payment of 70% of the purchase price, the remaining balance of 30% can be paid with no additional out of pocket funds from the buyer(s). The balance can be taken from the villas’s monthly rental income.
USING RENTAL INCOME TO PAY THE MORTGAGE:
No matter the amount financed, you can count on rental income to assist with costs.