Buyer Guide – Leaseholds
What You Need To Know about Leasehold Properties (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 REALTOR with Sutton WestCoast Group and is an active community writer in Tri-Cities and Vancouver. If you are interested in a real estate or community topic in Tri-Cities or Metro Vancouver, feel free to call me.