Rental Property Mortgage (five units+)

Rental Property Financing

Attaining your rental property mortgage through CanEquity will ensure that you obtain the optimal financing option for your multi-unit rental property purchase. Rental property mortgages are available for the acquisition of newly built or used properties, and to refinance at competitive rates so that you may:

• Free equity built in a property to put into investments or use personally
• Expand your real estate portfolio and use funds to make a down payment on an additional property purchase
• Renovate and increase the value of your current property
• Add units to your current multi-family rental property to increase income revenue over time

Multi-Unit Investment Mortgage Requirements

A CanEquity commercial mortgage specialist will ensure that the process of attaining your rental property mortgage is conducted clearly, efficiently and promptly.

If this is your first rental property investment, do not hesitate to address any questions you may have to the knowledgeable CanEquity commercial team. We can put you into contact with a reputable property appraiser or inspector in your area and offer you guidance every step of your financing path.

• Consider the following items in your application process:
• Properties need to generate approximately $1.30 of income for every $1.00 of debt to be viable
• The borrower’s net worth must be equivalent to at least 25 per cent of the loan amount
• Revenue earned from the rental property must cover the operating expenses of the building and mortgage payments
• Income generated from the property must be incurred from legal suites meeting permissible qualifications for the locale
• Mortgage insurance will usually be required if financing is provided toward 65 per cent, or more, of the property value

Contact us today using our secure commercial financing application.

^* Mortgage interest rates are subject to change without notice at any time. Some rates may be subject to minimum credit score, loan amount and may only be available certain lending areas. A quick closing loan condition may be required. Does not apply to preapprovals. Contact CanEquity for details. Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline and CanEquity makes no guarantees on any rates shown. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. For any mortgage related questions or to speak to one of our mortgage specialists, please call 1-888-818-4262. CanEquity does not guarantee to have the lowest rate in Canada. We do make every attempt though to find the best mortgage deal possible for all of our clients.

^§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.