info@themds.ca
Email Address
57 Kenneth Ave., Oshawa
Office Location
Menu
Email Address
Office Location
Embark on a rewarding journey into real estate investment with our tailored investment and rental mortgage solutions. Whether you’re looking to expand your portfolio, purchase your first rental property, or refinance an existing investment, navigating the complexities of investment mortgages requires expert guidance.
At The Mortgage Doctors Oshawa, we specialize in demystifying this process, offering personalized financing solutions that cater to the unique demands of investment properties. Our goal is to empower you to make informed decisions that align with your investment strategy and financial objectives, ensuring your venture into real estate investing is both profitable and fulfilling.
Investing in rental property is a significant financial decision, and choosing the right mortgage partner can make all the difference. Here’s why savvy investors turn to us:
We understand that every investment property is unique. Our experts craft financing solutions that match your specific investment goals and financial situation.
Access competitive mortgage rates through our extensive network of lenders, designed to maximize your investment returns.
Benefit from our in-depth knowledge of the real estate market and investment strategies to make informed choices about your property investments.
We simplify the mortgage application process for investment properties, making it as efficient and hassle-free as possible, so you can focus on what matters most – growing your investment portfolio.
Securing a mortgage for an investment property is a multi-step process that requires careful planning and preparation. We guide you through every step:
Discuss your investment goals and financial situation with our experts to explore your financing options.
Obtain pre-approval to understand how much you can afford to invest, strengthening your position as a buyer.
Choose the right investment property based on location, potential rental income, and long-term value appreciation.
Submit your mortgage application with all the required documentation, including details about the property and your financial status.
Once approved, we’ll help you understand the terms of your mortgage and guide you through the closing process, ensuring a smooth transition to property ownership.
Investing in rental properties raises many questions, especially for first-time investors. Our FAQ section addresses common concerns, from the basics of investment mortgage qualification to strategies for maximizing rental yield. Whether you’re wondering about down payment requirements, interest rates, or the tax implications of owning a rental property, you’ll find clear, concise answers here to guide your investment decisions.
The minimum down payment typically required for investment properties is 20%, but this can vary depending on the lender and the property type.
Yes, most lenders allow you to use potential or existing rental income to qualify for a mortgage, although they may require a history of rental income or a signed lease agreement.
Interest rates for investment properties are generally higher than those for primary residences due to the perceived higher risk by lenders.
Investment property mortgages are available in various term lengths, typically ranging from 15 to 30 years, with both fixed and variable rate options.
A good credit score is crucial for securing an investment property mortgage. Lenders will offer better terms and rates to borrowers with strong credit histories.
Lenders offer investment property mortgages for various property types, including single-family homes, condos, multi-unit properties, and commercial real estate.
Yes, you can leverage the equity in an existing property through refinancing to fund the purchase of another investment property.
Owning an investment property can affect your taxes, including deductions for mortgage interest, property taxes, and expenses related to property maintenance and management. It’s advisable to consult with a tax professional.
Investment properties typically require landlord or rental property insurance, which covers the building, liability protection, and loss of rental income, among other things.
To calculate ROI, divide the net income the property generates after expenses by the total investment costs (purchase price plus any renovation costs). This gives you the ROI as a percentage, which you can compare against other investment opportunities.
Our experienced team of mortgage brokers can determine your maximum mortgage amount, what your payments are likely to be and options that are available to you. Our goal is to find out our client’s mortgage needs and long term financial goals and provide solutions to meet those needs. Call us at (905) 404-8001 or (866) 452-1100 (toll free) for more information.
Oshawa, Ontario L1G 5N3
(905) 404-8001
(866) 452-1100
info@themds.ca
The Mortgage Doctors is Durham Region’s Mortgage Superstore. Our Mortgage Brokers use their expertises to advise and obtain approvals on mortgage financing that fits your mortgage needs.
Monday – Friday: 9AM – 5PM
Saturday – Sunday: CLOSED
© 2024 The Mortgage Doctors Inc. | Designed By Crown Marketers