By: MortgagesOfCanada  18-02-2016
Keywords: Mortgage Broker Services

Ever consider investing into a second property? Thinking about a vacation or recreational property? We can help you. An investment property is an income producing property. The investment property can be a rental property, a second home, a commercial, industrial or retail property, a leased residential, an office or even just a property you plan to flip. Many people are considering investment properties because of its stability. An investment property can bring in a consistent income that a buyer can use for a retirement fund, their mortgage or just extra income. It is important to do your research. Finding the right investment property for yourself and your future goals is important. Our brokers can help you come up with a plan that will make your investment even more successful. Down-payment requirements vary for each property and lender requirements. For example if you would like to purchase a second home, the down-payment required is 5% on the “A” side of banking. If you are purchasing a second home on the “B” side of lending, you will be required to use 20% as your down-payment on a residential property. If it’s condo, you will be expected to pay 25% as your down-payment. The rules are complicated but a good broker can work through the process with you. Secondary homes can be tricky depending on the circumstances and income type, give us a call today to hear your options. We can help you. Call: 1-647-995-3918 Toll Free: 1-800-340-8339

Keywords: Mortgage Broker Services

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MORTGAGE PRE-APPROVAL from MortgagesOfCanada thumbnail


Getting a pre-approved mortgage is a very important step to getting a house and should be done as early as