I need to buy a warehouse for the storage of our construction equipment. Our current rented space is small and congested.
We decided to buy a property on a loan. Apparently, from this online page, https://www.butlermortgage.ca/mortgages/purchase/residential-commercial-mortgages/commercial-mortgages/ I was able to understand that I can get a max loan to value of 75%. In that case, I hope I wouldn't require a mortgage insurance.
Is it necessary to get a mortgage insurance? Please share your suggestions.
Thanks.
We decided to buy a property on a loan. Apparently, from this online page, https://www.butlermortgage.ca/mortgages/purchase/residential-commercial-mortgages/commercial-mortgages/ I was able to understand that I can get a max loan to value of 75%. In that case, I hope I wouldn't require a mortgage insurance.
Is it necessary to get a mortgage insurance? Please share your suggestions.
Thanks.
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