Best Mortgage Loans

Investment / Rental Properties

Our team of experienced mortgage brokers have helped hundreds of borrowers with the purchase or refinance of an investment property. Unlike a mortgage on your principal residence, financing an investment is a little more complex. For starters, the number of units the property has and whether or not you’ll be living in one of the units are two major factors in determining your financing options.

Since April 19th, 2010, the minimum down-payment for a non-owner occupied investment property is 20% of the purchase price. However, if you plan to live in the property as well, then the minimum down payment could be as little as 5% – 10%, depending on the number of units in the property.

Here’s an example:

Units Owner-Occupied? Down Payment Max Loan-to-Value
1-2 Yes 5% 95%
1-2 No 20% 80%
3-4 Yes 10% 90%
3-4 No 20% 80%

Other key highlights of a Rental / Investment mortgage include:

    • Fixed, Variable, and HELOC’s permitted
    • Competitive rates
    • NO application fees*
    • Extended amortizations – up to 30 or 35 years

* Some conditions may apply

There are many different factors that contribute to the overall financing of an investment property, so if you or someone you know are looking to purchase a rental property, contact us today!

VERICO Best Mortgage Loans

949 Garth St
Hamilton, ON L9C 4L3

(905) 667-8088

Best 5 Year Fixed


Get this rate

Best 5 Year Variable


Get this rate