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Investment Property Mortgage

If you’re looking to acquire a rental property to build income and equity, you’re in the right place. Lower gets you qualified and organized, so you can secure your next property with confidence at a competitive rate.

  • Get pre-approved so you can buy with confidence
  • Secure the best rate for maximum profitability
  • Rely on our support for a stress-free experience

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Canadian mortgages

Lower is Canada’s premium mortgage broker offering mortgages for every type of new property investment.

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Canadians love

Rated 4.9 / 5 on Google, Facebook, Trustpilot, Comparewise and others.

  • Brian Molnar
    Brian Molnar


    Buying a home for your family is so important. Ammar made us feel comfortable with at ease with this process. He took his time to understand our needs but was very quick with the process.

  • Karen Austin
    Karen Austin


    I bought my first home a few years back and used @lowerdotca. It was a great experience so I called them when I was ready to purchase my second house. Ammar and his team go above and beyond.

  • Valerie Fincher
    Valerie Fincher


    We had a great experience with Ammar and his team. He explained us all of our options without us feeling the pressure or rushed. I highly recommend.

  • Jeff Mahlum
    Jeff Mahlum


    I was extremely nervous being a first time home buyer in Toronto. With prices skyrocketing I wasn't sure this was the right move but after speaking to Ammar, he made me feel confident.

  • Clementine Mason
    Clementine Mason


    Ammar went above and beyond our expectations, answering all of our questions and securing us an even better rate that we'd hoped for! The entire process was very smooth and we will be recommending his mortgage services.

  • Averi Blackwell
    Averi Blackwell


    I was working with a broker before and it was a nightmare. Thank goodness I found Ammar. He was always quick to respond to help us. We will definitely be using Ammar when it’s time to renew our home.

  • Melissa Dodds
    Melissa Dodds


    I was anxious being a first-time home buyer in the Toronto market. Ammar was referred to me by a friend of the family and he definitely made the process much easier to work through!

  • John Hartman
    John Hartman


    We really appreciated Damien’s patience and compassion through this entire process. We are very happy with our rate and how easy he made our experience.

  • Ruben Gonzalez
    Ruben Gonzalez


    Ammar was amazing to work with from start to finish. Found us such an excellent rate. He went above and beyond for us.

  • Nicola Weber
    Nicola Weber


    @lowerdotca helped me with my purchase of my third business property. He found us the best rates. I would recommend Shawn if you need to speak to anyone.

  • Brooke Cheng
    Brooke Cheng


    My family member recommend @lowerdotca and to speak to Ammar. He doesn't disappoint. I was very satisfied with his service.

  • Fredy Pollich
    Fredy Pollich


    My previous mortgage broker retired so I had to find a new one. When I contacted Lower. The whole team is amazing. I was impressed right off the bat. Very professional.

  • Tricia Seward
    Tricia Seward


    @lowerdotca was recommended to me by a fellow business owner who used their services to refinance their property. I found Ammar to be knowledgeable and efficient in helping us to reduce our rate and liquidate the capital we needed to expand our business.

  • Judson Flatley
    Judson Flatley


    So glad I found Damien and Lower. The last time I had to renew my mortgage was a headache. Damine is familar with the challenges of applying as a self-employed individual and got our re-financing done without any trouble.

  • Josephine R
    Josephine R


    Lower gave us confidence in our purchase. I won’t even hesitate calling because they are just that great! Very easy to understand and work with.

  • Albert Taylor
    Albert Taylor


    I've worked with Lower many times. I highly recommend them to my clients who are in need. They work hard to get the best rates.

  • William Westley
    William Westley


    I was referred to Damien because I wanted to purchase the building my business is in when my landlord decided to sell. We went over all of my options and I ended up not only managing to purchase the building but also get extra funds to

  • Javier Garcia
    Javier Garcia


    Very reliable team. They are straight forward which I liked. They are honest but they also work very hard to find the best rates for you.

  • Michele Peers
    Michele Peers


    I had the pleasure of speaking to Shawn about a few things. Including purchasing property for my business and we got approved very quick. I will be using his services for my business in the future.

  • Donal Lynch
    Donal Lynch


    I used @lowerdotca to help with the purchase of my second investment property. Damien made the process quick and straightforward, which I appreciated as I have a hectic schedule.

FAQs about Investment Property Mortgages

Have a different question? Contact us today.

Can You Deduct Interest on an Investment Property?

No, you can’t deduct interest on an investment property. You can use the mortgage interest deduction to reduce your taxable income by the total mortgage interest you paid. Also, the mortgage interest can be written off as a business expense. It helps reduce taxable income.

Can You Get a 30-Year Mortgage for an Investment Property?

Yes, you can get a 30-year mortgage for an investment property. The financing for second houses is a 30-year mortgage. You can still have other options for terms of 10 or 20 years. The best loan term for your investment mortgage can also be affected by interest fees, investment costs, and daily spending. A 30-year loan will offer lower monthly payments. But it comes with higher interest costs.

Can I Get a Mortgage for an Investment Property?

You can get a mortgage for an investment property based on your financial situation. You can gain a mortgage with a low-interest rate if you score over 650. You'll also need a significant financial budget and a down payment.

How Much Higher Are Mortgage Rates for Investment Properties?

You will get a lower mortgage rate than those for owner-occupied mortgages when you make a big down payment. The minimum down payment for a loan for an investment property mortgage rate is 20 percent. You will only get lower rates when it is over 30 percent.

How Can I Get a Second Mortgage on an Investment Property?

Business loan companies have stricter requirements for a second mortgage on an investment property than a first mortgage. You’ll need to verify that you can make two mortgage payments.

An investment property mortgage is an excellent decision that can provide you with finances for years. However, getting an investment property loan is far different from receiving a mortgage on your home.

Investment property mortgages are loans collected from a bank or private lender and used to gain properties for monetary purposes. You can earn income from your properties by waiting for them to increase in value before selling or renting them out.

This type of mortgage differs from other mortgages because they need just 10 percent of the down payment and give a high-income flow.

Obtaining an investment property mortgage is a common choice when considering an investing option. This article will explain more about investment property mortgages, the various types, pros and cons, how to qualify for them, and many more.

investment property mortgage - source mortgages

What is an Investment Property Mortgage?

An investment property mortgage is a loan from a bank to buy equity or properties with the sole intention of making money from it. You can receive income from your investment property financing by either leasing, selling after refurbishing or when the value has increased.

For instance, you can gain a house and sell it for a higher price. You can also rent it out for years. The sort of property you purchase might impart the mortgage rate and terms when getting a mortgage for an investment property.

Types of Investment Property Mortgages

You can invest in three different investment property mortgages to increase your income. These are:

Residential Property Mortgage

A residential property mortgage allows you to purchase a house, put it on a lease, refurbish and sell it to earn more profits. This property mortgage can be a single or multi-unit structure, such as an apartment building.

Commercial Property Mortgage

Many business investors rent out their gained houses to corporations who want to run their business in a particular location. These properties have higher maintenance fees and rents.

Mixed-use Property

This investment mortgage property allows for residential and commercial usage. Some houses may contain cafes on the first floor, while others are allocated for rentals.

Pros and Cons of Investment Property Mortgages

Many pros and cons are involved in acquiring this type of mortgage.


  • Payment of income every month
  • Deduction in tax amount
  • Tax privileges
  • Increase in capital
  • Adaptable assets


  • High costs for mortgage
  • Very difficult to finance
  • The interest rate is huge
  • It isn’t easy to regulate.
  • Changing cash flow.
second property mortgage - source mortgages

Requirements and Qualifications for an Investment Property Mortgage

When applying for an investment property mortgage, you must meet specific criteria. These includes:

  • Be at least 18 years of age
  • Become a citizen or resident of Canada
  • Have a bankruptcy-free or other forms of unmanageable debt reputation

After you have met these requirements, you may need to submit some documents to qualify for mortgage rates for an investment property. These are:

Down Payment Information

You might be asked to show how much you have to make down payments in the bank. This is to confirm that you have enough money to meet your down payment and other added mortgage fees.

Property Documentation.

It is necessary to provide property listings and zoning papers to apply mortgage rates for an investment property.

Credit Statement.

You may need to give your bank permission to get your credit statement for them to check if you’re creditworthy.

Evidence of Earnings.

Letters of employment or payment receipt may be requested to verify how much income you earn. This is necessary to qualify you for a mortgage.

Government-issued ID.

To qualify, your identification card, such as your driver’s licence or passport, will be required before the application process can start.

Factors That Influence Your Investment Property Mortgage

Many factors can influence investment property mortgages in Canada. These are:

Total Amount of Loan

You will have to pay high-interest fees because it is less beneficial for your lender to fund a small loan. You can only get cheaper interest fees when you loan a significant amount. 

Amortization Period

Your amortization fees allow the bank to evaluate your monthly payments. This can take as long as 20 years or fewer. Your loan will be related to a high-interest fee if your amortization time surpasses 25 years.

The Credit Score

The credit score makes the lender aware of your likelihood of paying back your mortgage because the higher your credit score, the lower your interest fees.

Debt-to-asset Ratio.

This contradicts your assets’ worth and income to the debt you own. You will have to pay a lesser interest fee if you owe a moderate amount of debt.

Size of Down Payment.

You can pay fewer interest fees if you make a down payment of less than 20% of the money used for purchase. You will also need mortgage insurance to secure your lender, which might cost you more.

Where to Get an Investment Property Mortgage in Canada

Lower is one of Canada’s leading mortgage brokers and the ideal company to assist with your mortgage needs. This broker’s experience spans various mortgage types, from residential to commercial. It also offers clients mortgage refinancing, home equity loans, and debt consolidation solutions.

Pursuing an investment property mortgage can be tricky, especially if it’s your first. Which is why consulting with an expert is advisable. Lower’ experts will quickly set you on the right path to your property investment dreams.

Final Thoughts on Investment Property Mortgages

Investment property mortgages offer a terrific way to invest your income if you know how the system operates. You should also be physically and financially capable of dealing with the difficulties in the type of mortgage.

Know the costs and dangers of buying an investment property. Also, discover how to get the best financing to improve your investment in properties.