TL;DR: A blanket mortgage enables real estate investors in Alberta and Ontario to access equity across multiple properties without the need for refinancing or selling each one individually. Calvert Home Mortgage lends up to 75% Loan-to-Value (LTV), including fees, on blanket mortgages. Approval can be issued in as little as 1-3 business days, supported by free in-house valuations for properties valued under $1.5 million.
Unlock the Potential of Your Built-Up Equity
If you’ve built equity in your rental portfolio, you’re sitting on more opportunity than you might realize. Successful real estate investors understand that growth happens when capital keeps moving, not sitting idle. That’s why many leverage their existing properties to fund new purchases or renovations, keeping momentum high and their portfolios expanding.
That’s where a blanket mortgage comes in.
What Is a Blanket Mortgage – and Why It Matters
At Calvert Home Mortgage, we listen to real estate investors and develop flexible solutions to help you act quickly on new mortgage opportunities. Our blanket mortgage was developed in response to feedback from real estate investors. It lets you leverage the equity across multiple properties to access capital, without refinancing or selling each one individually.
It’s a smart, strategic way to scale your portfolio while keeping your cash available when it matters most.
How a Blanket Mortgage Helps You Scale Faster
At Calvert Home Mortgage, we support real estate investors across Alberta and Ontario who want to grow faster with less friction. With a blanket mortgage, you can:
- Access equity from your existing rentals to fund new acquisitions.
- Self-fund renovations or improvements for your next project.
- Consolidate multiple loans into one, simplifying your financing.
While Calvert Home Mortgage doesn’t directly fund renovation costs, a blanket mortgage can be the key that unlocks your own capital, helping you cover those improvement costs strategically and keep your projects moving.
It also pairs perfectly with our low down payment ($10K) Flip/BRRR (Buy, Renovate, Rent, Refinance) mortgage, which lets you start new projects with minimal cash in and use your existing equity to cover the rest. For renovation-based loans, Calvert Home Mortgage can lend against the After-Repair Value (ARV), not just the purchase price, unlocking even more borrowing potential.
Together, these tools help you stretch your capital further, act more quickly, and maintain momentum.
How It Works: Illustrative Blanket Mortgage Example
Let’s say you already own a rental property worth $600,000 and want to buy another property without selling or refinancing your current one.
Step 1: Calculate your available equity
You can borrow up to 72.5% Loan-to-Value (LTV) on a second mortgage from Calvert Home Mortgage.
| Step | Calculation | Result |
| 1. Determine property value | Based on the current market value | $600,000 |
| 2. Apply max LTV | 72.5% x $600,000 | $435,000 |
| 3. Subtract the existing first mortgage | $435,000 – $300,000 (first mortgage) | $135,000 available equity |
You now have approximately $135,000 in available equity that can be accessed through a second mortgage secured against your existing property.
Step 2: Use your available equity to buy another property
That $135,000 can be used as a down payment or capital source for your next purchase. For example:
- You want to buy a $500,000 property.
- You can use $135,000 of available equity from your existing property toward the down payment.
- Calvert Home Mortgage lends the remaining $365,000, secured by both properties under one blanket mortgage.
This structure allows you to leverage existing equity to expand your portfolio without selling or fully refinancing your first property. Depending on your goals, you could use a smaller portion (e.g., $10,000) for a down payment and the rest for renovations, carrying costs, or other investment opportunities.
The figures and rates shown in this example are for illustrative purposes only, and use Ontario’s maximum LTV of 72.5%. In Alberta, Calvert Home Mortgage lends up to 72% LTV. Actual rates, maximum LTV, fees, and lending amounts vary depending on factors such as property location, type, and value, as well as the borrower’s profile and equity position. Rates and terms are subject to change without notice and are determined through Calvert Home Mortgage’s underwriting process.
Why Real Estate Investors Choose Calvert Home Mortgage
Speed and flexibility matter. Once your documentation is ready, we can typically issue fast mortgage approvals in as little as 1-3 business days, supported by free in-house valuations (for properties under $1.5M). That means no third-party appraisal costs or delays, and faster access to capital.
Our open terms and no renewal fees (for borrowers in good standing) give you the freedom to refinance or exit whenever it makes sense, maximizing your ROI instead of locking you into long-term commitments.
You’ve worked hard to build equity. Now it’s time to put it to work for you.
We’d love to hear from you.
Have you used a blanket mortgage to grow your portfolio? What strategies or lessons would you share with other real estate investors?
Our team is always learning from the community we serve. If you have feedback, insights, or success stories to share – or if you’re ready to explore your next deal – reach out to us anytime.
Email info@chmic.ca or contact your regional Business Development representative directly below.
Alberta | Kaelan Nelson
Email: kaelan@chmic.ca
Cell: 587-585-4571
Book a meeting here.
Ontario – GTA | Katarina Jarossy
Email: katarina.jarossy@chmic.ca
Cell: 416-799-2553
Book a meeting here.
Ontario – Anywhere Else | Dan Werner
Email: dan.werner@chmic.ca
Cell: 416-316-5336
Book a meeting here.
FAQs: Blanket Mortgages in Alberta and Ontario
Q: What is a blanket mortgage?
A: It’s a single mortgage secured by two or more properties, allowing real estate investors to access combined equity without refinancing each property individually.
Q: Does Calvert Home Mortgage lend in both Alberta and Ontario?
A: Yes, we support real estate investors in both provinces and provide in-house valuations and region-specific expertise.
Q: Can I use a blanket mortgage for renovations?
A: Indirectly, yes. While Calvert Home Mortgage doesn’t directly fund renovations, a blanket mortgage can help you access your own equity to strategically finance improvements.
Q: How long does approval take?
A: We can provide a Commitment Letter in as little as one business day, with funding in as little as 1-3 business days once conditions are met and we have all the required documentation.
