Investment and Rental Mortgages in Oshawa
Real estate investing is more popular than ever. It is often the result of a major correction in the stock markets as we saw in 2008/2009 at the beginning of the last recession. Mortgage rules have changed dramatically as well with our government bringing down 4 separate rounds of tightening of mortgage lending guidelines since 2009.
Purchase An Investment Or Rental Property
It was once possible to buy investment or rental real estate with no money down. That possibility no longer exists and 20% down is the minimum requirement for traditional lending.
Fortunately, mortgage brokers have relationships with many sub-prime sources and private lenders. It’s possible to purchase an investment or rental property with as little as 10% down through one of our private lenders. In order to keep risk to a minimum, the property must be in the GTA, and the investor must prove an impeccable credit management history.
Reach Your Real Estate Investor Goal
We at Mortgage Intelligence offer investment and rental mortgages, which only require 10% down, in Oshawa, Uxbridge, Bowmanville, Port Perry, Ajax, Whitby, Clarington, Pickering, and the Durham Region. We do not suggest that this is available in the general marketplace. As with all private mortgages, you can expect to pay fees, but we will always disclose them to you at the earliest possible time. In addition, you are never obligated to go forward if the rate and fees are not acceptable to you.
When buying investment and Rental properties, mortgage brokers can provide you with greater choices in financing. We’re happy to share our knowledge and experience to show you how to reach your goal of being a real estate investor.
We were referred to your team via our real estate agent Julie Bowes. Your team has lived up to everything we expected. We have now arranged four mortgages with the help of your team. We feel like Kelly is a key member of “OUR” team now and we will continue to work with her to reach our investment goals.
We are happy to say we’ve been clients of Mortgage Intelligence for several years now. Elfie and her team have been true professionals in securing financing along with great rates on several real estate deals. Her team’s professionalism has always made our transactions move forward and close efficiently.
We have recommended several friends and family members to Elfie and her team. She has always gone the extra mile in making sure they all had a positive experience. Do yourself a favor if you’re looking for a mortgage in the future just call the team at Mortgage Intelligence!