Understanding Closing Costs
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Rehab, fix and flip, and fix and hold loans are specialized financing options for real estate investors purchasing properties that require renovation. Traditional lenders often decline these deals due to property condition, timelines, or investor income structures.
Simply Approved Mortgages helps investors secure financing for renovation projects, short-term flips, and long-term rental strategies.
Rehab, fix and flip, and fix and hold loans are designed for real estate investors financing property renovations, resale, or long-term rental strategies.
Rehab and fix and flip loans are short-term investor loans used to:
Purchase distressed or outdated properties
Fund renovation and improvement costs
Resell the property for profit
These loans focus on the after-repair value (ARV) rather than current condition.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Fix and hold loans are designed for investors who plan to:
Renovate a property
Refinance or rent it long-term
Build rental cash flow and equity
Fix & hold strategies are commonly paired with DSCR or long-term investor mortgages.
Learn More: 👉 DSCR Loans
At Simply Approved Mortgages, our mission is to make homeownership more accessible and affordable. We operate on a lender-paid compensation model, with average compensation of approximately 1.5%, which is generally lower than typical industry ranges. This structure may help reduce certain costs embedded in mortgage transactions, while allowing us to maintain a strong focus on transparency, responsible loan structuring, and service quality.
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Banks often decline rehab and flip loans because:
Properties are not move-in ready
Renovation timelines are short
Investor income may be non-traditional
Deals are business-purpose
This makes private and alternative lending essential.
Rehab, fix and flip, and fix & hold loans may include:
Short-term financing
ARV-based underwriting
Interest-only payment structures
Renovation + rental strategy
Transition to long-term financing
Based on rental cash flow
No personal income verification
Learn More: 👉 Non-QM Loans
Learn More: 👉 Investment Property Loans
Approval depends on:
Purchase price and ARV
Renovation budget and scope
Investor experience (in some cases)
Credit profile
Exit strategy (flip vs hold)
Clear project plans improve approval odds.
Mortgage calculators help investors estimate financing costs and returns.
Learn More: 👉 Airbnb Calculator
Learn More: 👉 DCSR Calculator
For general real estate and lending education, review:
We operate on a lender-paid compensation model, with average compensation of approximately 1.5%, generally lower than typical industry ranges. This approach may support affordability while providing access to competitive mortgage options.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
At Simply Approved Mortgages, our mission is to make homeownership more accessible and affordable. We operate on a lender-paid compensation model, with average compensation of approximately 1.5%, which is generally lower than typical industry ranges. This structure may help reduce certain costs embedded in mortgage transactions, while allowing us to maintain a strong focus on transparency, responsible loan structuring, and service quality.
We provide access to competitive mortgage options across a variety of loan programs and terms. Our approach focuses on responsible loan structuring based on lender guidelines and borrower qualifications. Explore our mortgage solutions to better understand your available options and how they may support your homeownership goals.
Getting pre-approved for a mortgage is easy with our online application process. Fill out our secure application form, and our team will review your details quickly, so you can start your mortgage journey with confidence.
Once your application is received, a dedicated mortgage specialist will contact you to discuss your needs and preferences. We’ll work together to find the best mortgage options that align with your goals.
After reviewing and selecting the ideal mortgage plan, we’ll guide you through the approval process and ensure everything is in place for a smooth closing. Soon, you’ll be ready to move into your new home!
Prefer personal guidance? A licensed loan officer is available to help.
Yes. Fix and flip loans are designed specifically for renovation and resale projects.
Yes. Many programs include funds for repairs and improvements.
Fix & flip focuses on resale, while fix & hold transitions to long-term rental ownership.
Take control of your home-Take the guesswork out of your home-buying journey. Use our Mortgage Calculator to estimate your monthly payments and make informed financial decisions.
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Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.
Get a free credit score check to understand where you are and how to move forward.
Small changes in your credit score can lead to significant savings on your mortgage.
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Remember that a good credit score can lower your interest rate on your mortgage.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Reduce your monthly payment or loan term while unlocking the full potential of your home’s equity!