Mortgages

Rental property mortgages are best suited for those planning to yield sustainable income through a real estate investment. At , we provide financing for multi-tenant dwellings comprising seven or more rentable units, and our team of experts will guide you throughout the process.

You may purchase either a new or a pre-owned property with any of our loan programs for rental homes from as many as sixty renowned lenders and we will certainly help narrow your options for the same. On the contrary, you may also consider applying for one to increase equity in a property and invest it in industries other than real estate or finance any personal purchase.

The most compelling reason to secure a rental property mortgage is that by doing so you will be able to increase your portfolio of retail property investments and utilize the capital to pay for the down payment when buying another house. Finally, you can use it to renovate your current home and increase its present financial worth in the local housing market or capitalize the same when you need to boost your income from rent receivables and scale up your existing rental property by constructing additional dwelling units.

You must also understand that your rental property should be able to generate about $130 of income per $100 of debt and the net worth of the borrower must evaluate to 25% or more of his or her loan amount. In general, you will require mortgage insurance if the value of the rental home mortgage is 65% or greater than the current market worth of the property in question, and revenue earned from the same should pay for your monthly loan repayment as well as the operating expenses of that house.

Call us now for any queries or further information on how to obtain pre-approval for a rental-housing loan!