Author Archives: John Stevenson

Rental property mortgages are usually taken out by two types of borrowers – buy-and-hold investors and speculative buyers. The requirements for institutional rental property mortgages differ from those for standard mortgages. This mortgage focuses more on the borrower’s net worth and credit rating, down payment, property appraisal, and the presence of renters. If the applicant has two or more rental units, financial institutions want to know how many of them are occupied at present. Continue reading →