Buyer Guide – Financing Leasehold Property
What You Need To Know about financing Leasehold Property (Part 2 of 2: Leasehold Series)
Video interview – financing a leasehold property
Interested to learn how financing works for leaseholds? This is Part 2 of our leasehold series where we interview Chung Cheong from Dominion Lending about financing a leasehold.
Some questions we asked:
1. There seems to be fewer lenders who are willing to finance leaseholds especially private leaseholds. Is this true?
2. What do lenders look for when they receive a mortgage application for a leasehold?
3. What are your recommendations to someone who is considering a leasehold?
Author: Meryl Hamdillah is a licensed REALTOR with Sutton WestCoast Group and an active community writer. If you are planning to buy or sell real estate in Coquitlam/Tri-Cities or Metro Vancouver areas and want to stay up to date in the market or a property, feel free to call or text 604-307-9506