START BUILDING YOUR REAL ESTATE PORTFOLIO
A lot of people enjoy owning rentals. It's a great way to build your portfolio for many different reasons, whether it's investment or retirement. The thing with rental mortgage though, is that there’s no one answer. Let’s find the right solution for your rental property.
Finding the Right Rental Property Mortgage
Navigating the Rental Mortgage Market
Different lenders have different appetites for rental properties, but some are more favourable than others.
For example, if you're converting your existing property to a rental while moving into a new owner-occupied property, some lenders have some really great offsets that will make that happen. But again, it’s all about finding the right lender and the right product. Let me help you with that!
Down Payments for Rental Properties
The rules around down payment are a little different. Typically, you have to put 20% down instead of just 5%. The important thing to keep in mind is that you need to be able to qualify not just for the mortgage on the rental property.
My Amazing Clients
Karen and her team were available around the clock for any questions or troubles I ran into throughout the process of applying for my mortgage. It’s not every day that I purchase a home, so I’m assuming that some of my inquiries and line of questioning were a no-brainer, but Karen did a great job of giving me answers that a layman, such as myself, could easily grasp. 10/10 would recommend.