Looking to secure financing for an investment property? Yes, we can help.
Mortgage investing is popular with those who are looking to diversify their portfolios and realize a positive return on their investments. If you’re looking to explore the world of real estate our team of professional and knowledgeable brokers at MortgageMeister.com can help to facilitate your investment property mortgage options in Toronto, or anywhere in Ontario. We’ll be able to assist those who are interested in investing with the funds from their home and discuss all of the financial options available.
We fully understand how important your investments are and will explain the benefits of using a mortgage for investing. It’s always a good idea to speak with a professional to help decide if investment properties are right for your particular financial situation. Unlike the local bank rep, we have experience when it comes to obtaining financing for investment properties and can access lenders who specialize in this type of financing.
Things to consider for Investment Mortgages:
- Number of units
- Owner or Non-Owner occupied
- Size of down payment
- Amortization period
- Mortgage default insurance
You should be aware that financing for investment properties is a little more complex than taking out a mortgage for your primary residence. For example, your financing will be affected by the number of units the property has and if you’ll be living in one of them yourself. This is because buildings that have one to four units can be zoned as residential and buildings with more than four units are zoned as commercial. In addition, if you live in the property it will be regarded as owner-occupied and if you don’t reside there it is considered to be non-owner occupied. This will affect the size of the down payment that is required.
Contact MortgageMeister.com today and learn more about the options available to you when it comes to financing an investment property.