Mortgages for rental apartments
Hi there,
We are moving to Mississauga. We were looking for rental apartments there, but the price rates of the apartments are quite high, so I decided to get mortgages for it. I had a plan about the apartment, I thought to give it for rentals for the under-grad students for a low-rate meanwhile I can save some amount. I am not sure whether the providers accept such a thing so I am not going to tell them. I am afraid would it be illegal to share the apartments without the knowledge of the owners. And the main matter is would I get the mortgage for rentals? I am going to stay in Mississauga, Mac Suites Residences. Here are the details about the apartments http://www.macsuites.ca/mississauga/the-suites-of-mississauga/. How could be the mortgage payment for rentals? Any schemes available for a single mother? How can I get the mortgage at low interest?
We are moving to Mississauga. We were looking for rental apartments there, but the price rates of the apartments are quite high, so I decided to get mortgages for it. I had a plan about the apartment, I thought to give it for rentals for the under-grad students for a low-rate meanwhile I can save some amount. I am not sure whether the providers accept such a thing so I am not going to tell them. I am afraid would it be illegal to share the apartments without the knowledge of the owners. And the main matter is would I get the mortgage for rentals? I am going to stay in Mississauga, Mac Suites Residences. Here are the details about the apartments http://www.macsuites.ca/mississauga/the-suites-of-mississauga/. How could be the mortgage payment for rentals? Any schemes available for a single mother? How can I get the mortgage at low interest?