Personal and Investment Property Mortgages
Choosing the right mortgage type directly affects how much you can borrow, the interest rate you pay, and how lenders assess your risk. In Canada, lenders clearly distinguish between owner-occupied (personal) mortgages and investment property mortgages, and the rules for each are very different. Mortgage type impacts: Approval criteria and stress testing Minimum down payment requirements Interest rates and loan terms Long-term financial flexibility and risk exposure Understanding these differences early helps borrowers avoid costly mistakes, ensures compliance with lender...
