There are many types of mortgage deals that are offered on the market. Different lenders will come with different flexibilities and limitations. So, while the rules won’t apply in all cases, generally we assume that multi-unit residential mortgages will not come with: Portability. This means you can not move your mortgage to another property. Prepayment privileges. This means you won’t be able to pay down your mortgage sooner than the term length or amortization period, in order to lower interest payments. Also, as with any mortgage, down payment amounts may affect whether or not default insurance is required. Since down payment requirements on this type of property can vary a lot, it’s best to speak with a mortgage broker to find out if insurance will apply to your case. Please see more on our website.