Whether it be a house, cottage, farm, condo, or plot of land, buying real estate is traditionally a sound and profitable investment, offering both rental income and capital gains.

However, investment property ownership isn't for everyone. Along with the potential benefits come potential concerns; from legal to financial, so it's a sound idea to consult a financial advisor, a lawyer and an accountant prior to considering an investment property purchase.

Because investment property mortgages are subject to specific governmental requirements, mortgages are constantly changing. I am here to help you make informed decisions about your mortgage options. 

What is the minimum down payment on a rental property?

Lenders require a minimum 20% down payment to buy a rental property. If you don't have enough money saved, we may be able to take out equity from your primary residence and use it for the down payment. 

Are the interest rates higher for rental properties?

Interest rates for rental properties are slightly higher than owner-occupied properties. The rates are higher because they consider rental property mortgages to be a riskier loan product

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