Types of Properties

At Emortgage Capital we pride ourselves not only in offering you the most competitive home loans and refinancing options but we also want to share your industry insights into the different types of homes you can request a loan for. Even if we are not a realtor, we want to guide you through the different types of residential properties available to help you choose your future dream home. 


single-family home is an independent residential structure that sits on its own land. It can only be used as a single dwelling unit with just one kitchen, not sharing any walls with neighboring units, and without requiring common utilities.

The Single-family home idealized as the American Dream Home certainly lives up to its name and reputation. This type of home guarantees privacy, quality of life, open and lateral spaces, usually combined with a front garden or lawn. 


A multi-family home is a single building that’s set up to accommodate more than one family living separately. They range from a duplex, with separate dwellings within the same building, to homes or small apartment buildings with up to four units. Anything over four units is considered a condo or commercial building.

Borrowers can obtain a home loan to purchase a Multi-family home for both residential and investment opportunities. An owner of a multi-family home can choose to reside in one of the dwellings and rent out the remaining one(s). Alternatively, the owner can also choose to reside elsewhere and rent out the available dwellings to interested parties. 


A condominium referred to as a “condo” in short, is a privately-owned residential home within a community of other units. Condo owners jointly own shared common areas, such as swimming pools, garages, elevators, gyms, leisure areas, or sports facilities. 

Condos offer numerous advantages to their owners. They offer the chance to socialize with your neighbors through common leisure areas such as a shared swimming pool or gym. Living in a condo also helps you save money by sharing the maintenance costs of common areas. 


Townhouses are multi-floor residential buildings that share one to two walls with adjacent properties but with separate entrances. In the suburbs, townhouses are often uniform homes that form part of a distinct community with its own homeowners' association.

Townhouses are highly beneficial for home seekers looking for a house in upcoming suburban areas. It provides the chance for you to live in usually active neighborhoods where it is easy to relate with your neighbors. On the downside, shared walls with your neighbors can affect your privacy. 

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