Rental Mortgages
Rental Mortgages provide financing for investment properties, allowing investors to generate income through rental payments. These specialized loans cater to the unique needs of landlords and property investors, offering flexible terms and competitive rates. Whether you're expanding your real estate portfolio or entering the rental market for the first time, Dave's team can provide the rental mortgage you need to achieve your investment goals.
Built to Work with Investors
If you're just starting out, or if you've been investing in residential real estate for some time, one of the biggest components to being successful is having the right team around you. From your realtor/coach to your lawyer, insurance broker, property manager and mortgage broker, having the right team around you will give you confidence to grow your portfolio and sleep well knowing you are working with the best professionals in the industry.
Dave’s original company that he founded, Better Mortgage Select, was built to work with investors, to help them grow their real estate portfolio and work toward their goals of financial freedom. By working with all the major banks in Canada as well as a host of monoline, B-lenders, and private lenders, they have been able to help clients scale from no properties to 15+ residential and commercial property portfolios routinely.
The first step toward acquiring investment properties is to have an introductory call with one of Better Mortgage Select’s real estate investor-focused mortgage agents – you can contact them here. From there, they'll assess your financial position (plus your portfolio of homes if you are currently invested), discuss your real estate goals, and start the process of re-structuring or building your real estate portfolio plan. Finally, they’ll collect some supporting documents to ensure their underwriting team is able to accurately position your file with the correct lender partners that have been selected for you.
Navigating your Investment Property Mortgage
Every bank in Canada has a different set of rules when it comes to qualifying for investment-property mortgages. Better Mortgage Select has spent decades mastering all bank rental products and guidelines across Canada, as well as developing key relationships with bank underwriters so that they are able to best structure your files and put you in the best position to scale your portfolio.
Some specific ways they can help:
- Re-accessing equity in existing properties to be used for down payment on new purchases.
- Finding the highest pre-approval amounts possible for your investment property search.
- Maximizing potential mortgage footprints for investors looking to scale.
- Finding the most cost-effective ways to structure your mortgage for specific projects (ex: BRRRR, New Construction, etc.).
- Finding the best financing for commercial and multi-residential mortgages.
Get Started Today
If you are a real estate investor or are looking to become one, check out Better Mortgage Select and see the difference in working with a specialized mortgage company offering Premium Service for Select Clientele.
In addition to their website, check out Better Mortgage Select on Instagram where you can learn more about the company, mortgage tips, up-to-date mortgage news and market predictions.
Gain a clearer understanding of how much you can borrow for your rental mortgage by using our mortgage calculator below.
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