Are there investment loans (mortgages) where you do not have to have income to cover?

by Steve Smith
(Burlington)

I recently left my executive employment (ie no regular income) and am getting involved in real estate investing. I am wondering if there are mortgage products available where I can put 10% - 20% down on a rent to own investment property? if not, is my only other alternative to purchase the property in full? I have read your articles and book and understand the significant reduction on ror.

Thanks,
Steve

Comments for Are there investment loans (mortgages) where you do not have to have income to cover?

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May 24, 2016

by: Tom

Hi Steve,

Thanks for the question!

Almost all banks have 20% down payment programs for investors. For buildings CMHC even has insured products at 15% down. A good mortgage broker might be super helpful, find one that works with investors as they'll be the most helpful to you.

- Tom.

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