An investment property can be a rental, a commercial space, or a property you plan to buy and sell quickly. Unlike a regular home loan, getting a loan for an investment property can be a bit tougher. Usually, you need to pay more money upfront, at least twenty percent of the property’s selling price.

The interest rate might also be higher, and the lender will check how much money the property could make if you rent it out when deciding if you can pay back the loan. Also, not all lenders are willing to give loans for investment properties to people with average credit.

The good news is that we are different! As long as the property meets certain standards, like being in good shape and worth a certain amount, we can help you get a loan for an investment property. If you have any questions or want to know more about getting a loan for an investment property, just call Gary Hundal Mortgages anytime.