Borrow Up to 95%! Is CMHC's MLI Select Mortgage Good For Your Toronto Real Estate Investment?

Borrow Up to 95%! Is CMHC's MLI Select Mortgage Good For Your Toronto Real Estate Investment?

Access to money has been tougher with higher interest rates, and so Toronto real estate investors are getting more create with financing options.

One option that’s getting more talk lately is the CMHC MLI Select mortgage, which sounds pretty attractive for Toronto real estate investors that don’t have that much investment capital.

The MLI Select says that you can borrow as much at 95% of the value of the home if you invest in a multiplex with 5 or more units. They also have lower interest rates and a longer payback period, and with new rules in Toronto where every house can be converted into a fourplex plus a backyard house, this is definitely catching the attention of many Toronto real estate investors.

The CMHC MLI Select could be a good mortgage option for some Toronto real estate investors, but is it the best fit for you? Let's dive into this more!

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At Elevate, we want to help you make smarter Toronto real estate investing choices in Toronto!

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With our end-to-end Toronto real estate investing services, all you need is to focus on the important part – investing successfully in Toronto real estate.

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0:00 Intro
1:15What is the CMHC MLI Select?
2:00 How long approvals take and what you need
3:30 How does it compare to a residential mortgage
5:30 Who the CMHC MLI Select is best for
6:45 What might be a better option
8:13 How we can help


NOTE: This video is for educational purposes only; it does not guarantee future performance or serve as financial advice.

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