Whether you are thinking about buying a second home for a loved one or a vacation property to get away, we have the mortgage solutions for you.
Financing your vacation property or second home is very similar to purchasing your primary residence but much different from financing an investment property. If you have questions we could be happy to explain all the differences in financing options, just give us a call.
You may purchase the property for recreational purposes, for your child to go to school or university, or as a retirement home for your parents.
Here are some details to consider:
- You can own a vacation property / second home with as little as 5% down, of course you will be insured via CMHC, Genworth, or Canada Guaranty.
- With 20% down-payment we can finance you without paying any insurance premiums.
- Get pre-approved with us and have the ability to negotiate a better price. Knowing you can close on a property quickly gives you more negotiating power.