Investment Property Loans



Since you want to purchase a house or 1-4 units, investment property loans are very similar to "standard" mortgages. Mortgage rates are typically less than 1% higher than a typical mortgage, and the application and approval processes are near identical. In contrast to a mortgage on your primary residence, the guidelines for an investment property loan are more stringent. For instance, instead of minimum 5 per cent down, you probably need 10-15 per… Continue