Rental Investment Mortgage in Vancouver

What is a Rental Investment Mortgage?

Rental investment mortgages are an important tool for investors looking to diversify their financial portfolio. It allows investors to borrow up to 80% of their appraised rental property value.

Lender will look at your personal income, credit, and the rental income potential from your investment property as a key components for your mortgage approval. Lenders have a tendency to add interest rate premiums for rental properties, so be prepared.

It’s important for anyone delving into rental investment mortgages to assess your financial goals. For example, do you have the time and knowledge to be a landlord, or do you want to buy property to renovate and resell? Its recommend to speak with a financial planner to determine if an investment property is a good fit for you financially.