I am trying to buy a house right now, and I bank with RBC. I have the mortgage on my condo with them, and I plan to keep it as a rental. They will not allow me to use the rental income towards TDSR, even if I have a signed lease. Without the condo I easily qualify, with it, I am falling a bit short. What 'conventional' commercial lenders will allow rental income? I prefer to deal with a commercial, brick and mortar bank, or Credit Union, not one of those obscure mortgage only companies. I have heard way too many horror stories with them from my clients I deal with in finance like insane payout penalties, and predatory renewal rates.
Thanks in advance.
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