Rental & Investment Property Mortgages

Invest in Rental Property Sooner Than You Think

Did you know, rental and investment properties give you the opportunity to purchase a property with as little as 20% down or refinance up to 80% of the value of the property?

The Experience to Give You the Best Advice

If you are thinking of getting into real estate investment and looking to purchase a rental property in Kingston, I can help you make that dream a reality and secure some of the lowest rental property mortgage rates in Kingston. With several years of experience as a mortgage broker, I’ve helped many investors receive a rental property loan.


Investment Property Mortgages in Kingston

Choosing to purchase an investment and rental property is one of the best financial decisions you can make. Investment property loans are some of the lowest mortgage rates available in Kingston. For as little as 20% down, you can receive a maximum loan value up to 80% for rental properties with 1-4 units. If the property has more than 4 units, the cost goes up slightly but is still competitive.


Fixed, Variable and Adjustable Rate Mortgages allowed

Amazing rates if not the best

Up to a maximum loan value of 80% rental property of 1-4 units

Eligible amortization up to 30 years


Kingston Rental Property Program

Simply put, the best kind of rental property to purchase is one that can carry its debt and expenses. In an ideal situation, you qualify for the lowest invest property loan interest rate if the property has no more than 4 units inside. In addition to lower interest rates, our investment property mortgage program offers several other benefits as well including: extended amortization and no hidden fees!


With the rental property program, borrowers can:

Purchase or Refinance a rental/investment property up to 80% LTV

No fees and competitive rates

Extended amortization is available

How to Get Rental Property Loans

If you would like to get a rental property loan in Kingston, the easiest and most convenient way is to work with a licensed mortgage broker. There are many options to consider and every investor is different. For instance, you can get up to 4 through an “A” lender. However, after 4 properties, you will need a residential investment property mortgage which carries a slightly higher rate.


If you have built up a lot of equity in your principle residence, you can refinance your home mortgage to get the cash for the down payment on your new rental property. Again, it’s often best to speak with a mortgage broker who has the experience and expertise to find a solution that meets your needs.


If you would like to learn more about investment property mortgage rates, please contact me today for assistance.


You may also be considering turning your current house into a rental property, which can be a wise decision in Kingston. Feel free to visit our blog if you’re unsure if you should rent or sell your house.

Rental Property Mortgage FAQs

Is It Easier to Get a Mortgage for a Rental Property Than for a Primary Residence?

In general, it is easier to get a mortgage for a primary residence than for a rental property as lenders consider primary residences less risky.


When Is It Financially the Right Time to Buy Rental Property?

In addition to covering the 20% down payment required for the mortgage, you’ll want to add up the closing costs and the costs of any repairs or modifications that need to be made prior to renting. You’ll want to research rental rates for similar options in the area to ensure that you can cover the cost of the mortgage with room for repairs and vacancies that may come up. If you have a primary residence, you can often borrow up to 80% of your home’s value to finance rental property. 


What Kinds of Rental Properties Are Good Investments?

Types of rental properties are single family homes, condos, townhouses, multi-unit residential buildings and commercial real estate. Single family homes and condos are typically the best option for first-time investment property owners. Single family homes tend to attract financially stable, longer term renters while condos have low maintenance costs as the condo association typically manages all the repairs except those inside the condo. When it comes to single family homes especially, smaller is often better than larger as larger homes typically have higher taxes and maintenance costs. If you’re thinking purely in terms of return on investment and you are able to take on the burden of higher maintenance costs and managing multiple renters, multi-unit residential buildings are often the best investment option.