If you are purchasing a property from someone that you have a professional or personal relationship with, you may run into a home financing restrictions. These are called “Identity of Interest” or “Non-Arm’s Lengths” Transactions. Let’s talk first so that you can properly structure your new home loan!
Related Article Title: Identity of Interest – Buying Another Property Owned by the Present Landlord Question: If a tenant is purchasing another property owned by their landlord, would it still be considered an Identity of Interest transaction and be subject to the 85% LTV restriction? NEW Chart – Identity of Interest – Non-Arm’s Length Transactions […]