How can I get financing?

[M Ness]

I'm looking for financing for my first investment property. However, I don't own a home. Banks and mortgage brokers have told me that I won't qualify for a rental mortgage/investment mortgage if I don't own a home.

Is there anything I can do?

[Tom S.]

I would keep shopping for other mortgage brokers or work with smaller local banks. If you have a good job, good credit, and a downpayment I don't see why not currently owning your own home makes any difference in qualifying to buy an investment property.

- Tom