Real estate investing is a great way to generate extra income. Financing your property, however, can be stressful — especially if this is your first investment property. An experienced mortgage broker can help you get the right mortgage, at a great rate.
What is an Investment Property Mortgage?
An investment property mortgage is specialty financing that you receive for real estate investing purposes. This customized mortgage loan is slightly different from a traditional second mortgage. You’ll want to first consider what you are looking to buy, catering an investment strategy around that specific purchase.
A Mortgage Broker Can Help You Identify Your Needs
Will this be an owner occupied property, a rental property or perhaps a vacation home that you might want to use from time to time? Will you need to deal with construction on a large portion of the property? Your mortgage broker can help you find the right loan, for your specific investment. Sandhu & Sran Mortgages is experienced with investment property mortgages across Canada. Our team can get the top banks and lenders competing for your business, saving you time and stress.
The Investment Property Mortgage Process
When you are applying for an investment property mortgage, there are several key considerations to keep in mind. This loan differs from a traditional mortgage since the approval process is based on a unique set of factors.
Once you feel confident about your investment approach, Sandhu & Sran Mortgages can work with you to select the right mortgage strategy so you can finance your property.