I will like to buy an investment property.Will I qualify ?

Investors who are interested in aquiring real estate to balance their investment portfolio and build their equity position should consider that lenders have certain requirements when buying those properties:

  • if you are self-employed and cannot prove income,certain conditions apply
  • your credit history must be better than average, many  lenders require a minimum Beacon score for such purchase
  • certain lenders do not accept borrowed downpayment, you must save it yourself
  • loan to value(LTV) ratio may me lower than when buying an owner-occupied property
  • location, size, number of units and type of property you are buying can differ from lender to lender
  • total number of properties that you own it's an important factor
  • mortgage interest rates for an investment property can be higher , depending on the lender
  • same lenders will not be offering variable rates for certain properties
  • maximum amortizations conditions apply
  • minimum personal worth required by certain lenders


Did you know that the interest portion of your rental property mortgage payments may be tax deductible?

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317 - 315 24 Avenue SW


  • 605 sq.ft.
  • 1 Bed
  • 1 full bath
  • Listing Provided By: