Rental Property Mortgage Mississauga

Rental Property Mortgage Mississauga

Buying rental and investment properties can provide a significant net worth boost to an investor. Extended amortization and customised financing can also lead to positive monthly cash flow. At Gne Mortgage, we work with multiple lenders who specialise in rental/investment allowing you to qualify for multiple properties across Mississauga. Give us a call today to schedule an appointment.

Increase your Revenue with a Rental Property Mortgage:

It is difficult, and to be honest quite stressful getting a mortgage for investment properties nowadays. You need to have an excellent credit score, as well as enough funds for lenders to approve your mortgage. At times, you would need to wait for five months until lenders would decide that you are a risky borrower. Unlike traditional lenders, private lenders are more likely to invest in borrowers having the intention to rent out your property to tenants. This process not only improves the growth of a homeowner’s financial health and stability, but it is an additional stream of income for the borrower as well. The major benefit is it expands your assets and increases your passive gains while lenders finance your investments. This type of mortgage product also exponentially increases your revenue depending on your property’s location.

In spite of that, rental property mortgages could provide you with a hassle in its overall process. Keeping this in mind, teaming up with Gne Mortgage as your mortgage specialist will provide you with favourable results on your rental property mortgage investments. Give us a call today to find out more information.

A full-service rental property management fee can affect an investor’s cash flow. With our wealth of experience in real estate buying, selling, and renting in Mississauga, we feel that a full-time rental property management company can at times erode a non-resident investor’s cash flow making it a daunting experience for overseas landlords who undertake their own rental property management. There are a variety of things to consider and take care of for a non-resident investor. And hiring a full-time property management company may not always make sense. Confused and stressed on your rental property mortgage? Do not hesitate to give our team a call today to schedule a consultation.

Instant Approval and Easy Application Process:

• We can help get your mortgage instantly approved as our application process is easy and quick. From helping you compile all the required documents to collecting all the necessary information, your mortgage could be done immediately within an hour and produce results that could qualify you for approval instantly.

Here are some mortgage documents needed to give you an idea:

• Income confirmation.
• Government-issued ID’s
• Down-payment confirmation
• Information related to what you own
• Information related to what you owe
• Business documents (if self-employed)

What Type of Down Payment am I Required to Make?

If you have no plan in living in one of the units of your investment property, your down payment should be at least 20%. But, if your property will be occupied by the owner, your down payment can be between 5-10%. Your down-payment rate, not your mortgage rate will be affected whether you prefer to have an owner-occupied property or not. For further enquiries, Call our team today to schedule an initial consultation.

Top 5 Reasons why you should get a Rental Property Mortgage:

• It is a valuable asset and can be liquidated in the event of a financial emergency.
• There is no carrying cost. The tenants will pay the carrying cost through monthly rent.
• Surplus from the carrying cost will generate your monthly income.
• You will be able to build equity which can be used to purchase more rental properties.
• Creates generational wealth.