Get Your Rental Property Mortgage Approved!
Rental Property Mortgage in Toronto.
Purchase or Refinance with Confidence.
Getting a Rental Property Mortgage has many advantages. It is a known fact that owning multiple Properties has many benefits and has been the tried and tested method to build long term wealth. However getting a Rental Property Mortgage for multiple properties can become a real challenging at times due to many factors. Nonetheless, whether you are Purchasing or Refinancing your first, second, third, fourth, fifth, or even your tenth property, I have all the tools and knowledge to help get your Approved.
When it comes to a Rental Property Mortgage, I have Helped many Clients with financing for;
Purchasing a rental property can be rewarding investment. Owning a rental property is seen as an asset and the debt attached to the asset is paid down by the tenant or tenants with the rent they provide. Once the tenant’s rent is able to cover all the expenses of the property and provide surplus, then the rental property becomes known as cash flow positive.
Refinancing a rental property has many advantages, such as locking in a lower interest rate, accessing equity from the property, consolidation debt to help with cash flow, getting the funds for repairs or renovations that need to be done to the property.
Student Housing Rental:
This type of rental property is fantastic for investors as these properties are always in demand from students going to college or university.
Studio Condo Rental:
This type of rental property allows a tenant to move into a small space to either run a business out of or to simply rent it out as a living space.
Property Flip & Rental:
This type of rental property requires an investor to purchase a property and complete the required renovations or repairs to bring the property into good standing. Then the investor can rent out the property as desired and then later on can sell the property for full flip and cash out with profits.
Vacation Home Rental:
This type of rental property allows the investor to purchase a vacation for themselves or as rental home for anyone looking to take advantage of a place to stay while on vacation.
Basement or In-suite Rental Property:
This type of rental property is a owner occupied home with the basement completed and ready for rent.
Often Mortgage Lenders will max you out on 4 or 5 Rental Properties, and may only accept 50% of the Rental Income your Rental Properties generate a positive net return. Not to worry, As a Mortgage Broker, I have many Years of Experience in Approving Mortgages and we are able to get your Rental Property Mortgage Purchase or Refinance Approved.