Finance Your Real Estate Investments in London, Ontario
Secure the Best Mortgage for Your Investment Property
Investing in real estate is one of the most effective ways to build long-term wealth, but securing the right financing is crucial to maximizing your returns. Whether you’re buying your first rental property, a multi-unit building, or a short-term rental like an Airbnb, the right investment property mortgage can help you grow your portfolio while maintaining strong cash flow.
As a mortgage broker in London, Ontario, I specialize in helping real estate investors secure competitive mortgage rates and financing solutions tailored to their investment goals. Whether you’re purchasing your first investment property or expanding your holdings, I’ll guide you through your financing options, connect you with the best lenders, and structure your mortgage for long-term success and profitability.
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How much do I need for a down payment?You must have at minimum 5% for your initial down payment plus applicable closing costs. If you put less than 20% down you will be required to obtain mortgage insurance through CMHC, the cost of which gets added to your mortgage.
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How much can I afford?Your affordability is determined by many factors including income, debt, credit score, and downpayment. You can estimate your affordability using the websites calculators. It's important to remember that this is just an estimate and an accurate value will be given to you during the pre-approval process.
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What costs are associated with purchasing a house?You’ll need a down payment of at least 5%, plus closing costs, which typically range from 1.5% to 4% of the purchase price and cover legal fees, land transfer tax, and other essentials. Additional costs may include a home inspection, an appraisal if required by your lender, and PST on mortgage default insurance if your down payment is less than 20%. You should also budget for property taxes, utility setup, and moving expenses. I’ll help you plan for these costs so there are no surprises along the way!
Real Estate Investment Strategies
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Single-Unit Rentals
Thinking about buying a condo or house to rent out? I’ll help you find financing options that align with your goals, whether you’re looking for long-term tenants or short-term rentals like Airbnb.
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Multi-Unit Rental Properties
Investing in duplexes, triplexes, and multiplexes can be a great way to build passive income. I’ll help you secure the right financing to maximize your return while keeping your monthly payments manageable.
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House Hacking & Rental Suites
Want to offset your mortgage costs? House hacking—renting out a portion of your home, like a basement suite—can help you live for less while building equity. I can help you explore mortgage products that allow for rental income to be considered in your approval.
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Refinance to Expand Your Portfolio
If you already own a home, you may be sitting on untapped equity that can be used as a down payment on an investment property, a second home, or a rental property. I’ll help you explore your refinancing options to see how you can use your home’s value to grow your wealth and increase cash flow.
