What Is An Investment
Property Mortgage?
An investment property mortgage is a loan designed specifically for purchasing or refinancing properties intended to generate income, such as rental homes, multi-unit buildings, or commercial spaces.
These mortgages differ from traditional home loans because they often have stricter eligibility requirements and may include slightly higher interest rates.
The right investment property mortgage maximizes your return on investment (ROI) while effectively managing risks.
Our Investment Property Mortgage Services
At Diverse Mortgage Group, we offer a range of services designed to meet the unique needs of property investors:
First-Time Investor Assistance
If you're a new real estate investor, we will walk you through the entire process, from finding financing to assessing potential rental income.
Multi-Unit Property Loans
If you're purchasing a duplex, triplex, or larger multi-unit property, we can provide custom solutions to achieve your goals.
Vacation Home Loans
Investing in short-term rentals? We can also assist you with funding for your vacation home or Airbnb-style investments.
Refinance End
This ensures one can refinance to access their equity for extra properties or to meet other needs.
Competitive Rates
Leveraging the best deals from Canada's top lenders gives you the lowest investment property mortgage rates.
Ongoing Support
We guide you through much more than just securing financing. Insights and advice ensure you navigate real estate investment to the fullest advantage.
How Does An Investment Property Mortgage Work?
Down Payment Requirements
Investment properties typically require a higher down payment than owner-occupied homes, usually ranging from 5% to 20% of the purchase price.
Loan Terms
You can choose between fixed-rate and variable-rate mortgages depending on your investment strategy and financial goals.
Interest Rates
While rates for investment property mortgages may be slightly higher than traditional mortgages, we work with a network of lenders to secure the lowest rates available.
Income Verification
Lenders will assess your financial situation, including rental income projections, to ensure you can manage the mortgage payments.
Benefits Of An Investment Property Mortgage
Income Generation
Investment properties provide a steady rental income stream, helping you build wealth over time.
Appreciation Potential
Real estate tends to appreciate, offering long-term growth and equity-building opportunities.
Tax Advantages
Owning an investment property may provide tax benefits, such as deductions for mortgage interest, property taxes, and maintenance expenses.
Portfolio Diversification
Real estate investments add diversity to your portfolio, reducing overall risk and increasing financial stability.
Why Choose Diverse Mortgage Group?
Clients trust us, and we can show you why.
Here are some reasons for our success.
Expertise in Real Estate Investment
We have understood specific challenges and opportunities associated with property investment for decades.
Access to Top Lenders
Our long-term relationships with our pool of lenders mean we can identify the best rates and terms for your investment needs.
Customized Solutions
Every investor is unique and has his or her own goals, so we adapt our services to meet your specific needs.
End-to-End Support
From pre-approval through closing, we are there every step of the way to make this experience smooth and stress-free.
Proven Success
We have helped thousands of investors confidently build and expand their real estate portfolios.
Expertise in Real Estate Investment
We have understood specific challenges and opportunities associated with property investment for decades.
Access to Top Lenders
Our long-term relationships with our pool of lenders mean we can identify the best rates and terms for your investment needs.
Customized Solutions
Every investor is unique and has his or her own goals, so we adapt our services to meet your specific needs.
End-to-End Support
From pre-approval through closing, we are there every step of the way to make this experience smooth and stress-free.
Proven Success
We have helped thousands of investors confidently build and expand their real estate portfolios.
What Our Clients Say
Your Real Estate Investment Journey Starts Here
At Diverse Mortgage Group, we help investors meet their goals. Whether you're just starting or expanding your portfolio, our investment property mortgage services in Canada provide the expertise, resources, and support you need to succeed.
Contact us today for a free consultation and take the first step toward building your real estate empire!
FAQ
Frequently Asked Questions (FAQs)
What is an investment property mortgage?
An investment property mortgage is a loan to purchase or refinance properties intended for income generation, such as rental homes or commercial buildings.
How much down payment is required for an investment property mortgage in Canada?
A 5% to 20% down payment is typically required for investment properties.
Can I use rental income to qualify for an investment property mortgage?
Lenders often consider projected rental income when assessing your ability to manage mortgage payments.
What are the interest rates for investment property mortgages?
Interest rates for investment property mortgages may be higher than those for primary residences. However, we work to secure the lowest rates for our clients.
Can I refinance my existing property and invest in another one?
Absolutely! Refinancing is a popular strategy to access equity for purchasing additional investment properties.