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Investment and Rental Property Mortgage up to 80% LTV

Residential Investment Mortgages for:

  • Single Family Rental
  • Duplex Rental
  • Triplex Rental
  • Fourplex Rental
  • Cottages
  • Vacant Land
  • Second Home
  • Small Farms
  • Other Investment Properties

Fixed Rate Residential Investment Mortgage:

Provides a secure interest rate that stays the same for the entire length of your mortgage term.

What is it? Property requirements are set by each lender and offer a constant rate and payment amount which helps investors better manage budgets over the long term. Most lenders require a minimum down payment of 20% on 1-4 unit rentals.

Who is it for? Investors who may not be comfortable with rate fluctuations and looking for flexible prepayment options, a fixed rate residential investment mortgage may be right for you.

Variable Rate Residential Investment Mortgages:

A popular mortgage for rental property and investments. The past 30 years indicate that purchasing with a variable rate mortgage is still a better option than a fixed rate more than 80% of the time.

What is it? A variable-rate mortgage interest rate may periodically adjust based on prime lending rate. This adjustment can affect the cost of borrowing (increase or decrease) on your loan. Long-term, variable rates have proven to be the least expensive. Mortgages can be converted to a 5, 7 or 10-year fixed rate term at any time free of charge, so when rates begin to rise, you can lock in. Most lenders require a minimum down payment of 20% on 1-4 unit rentals.

Who is it for? Investors who are comfortable with rate fluctuations with the opportunity to lock in a desired rate without a charge.

25 Year Residential Investment Mortgages:

A longer amortization offers the longest amount of time to completely pay off a mortgage. The main benefit is a smaller monthly mortgage payment than with a shorter amortization.

Why consider it? Ideal if your goal is a lower monthly payment. A 25 year residential mortgage can be what you are looking for. Take longer to payoff your mortgage and bring down your monthly payment, we can help you decide if a 25 year, or more, amortization loan makes sense for you. Most lenders require a minimum down payment of 20% on 1-4 unit rentals.

Open and Closed Purchase Loans:

An open purchase loan is designed for those who are looking to payoff their mortgage sooner without penalties with a low rate, within lender`s guidelines. Opposite an open mortgage is a closed mortgage loan, which is designed for those who are happy to pay a set payment over the term of the loan and in turn receive an even lower rate then an open purchase loan.

Not sure which mortgage is right for you? We are here to help. Request your free quote today, or call us toll free.