Vacation Property
Have you always dreamed of owning a vacation property in cottage country, but you were not sure if you could get a mortgage? Have you had your eye on a vacation property in a foreign country? Good news, you might be able to afford that property earlier than you think.
I work with several lenders who specialize in mortgage lending on vacation properties and best of all you don’t need an outrages downpayment. Like your primary residence, the mortgage on your (Canadian) cottage property can be insured through CMHC. Of course there are guidelines concerning what will qualify. See the documentation in the resource section below for more details on the program.
Do you have a slightly more “unique” property? Possibly on an island with limited access or maybe the water supply is direct from the lake. These types of properties used to be difficult to finance, but as a mortgage broker with Invis, Canada’s Mortgage Experts, I have access to lenders who will lend on these types of properties and still charge an interest rate similar to what you would get for your house in the city. If you have a property you would like to discuss please contact me today and let me help you purchase the cottage of your dreams.
