We can make this happen for you with the purchase of a secondary homes be it for vacation or retirement eventually.
Whether your preference is a lakeside cabin or a resort condominium we can help with the necessary financing plan to meet your needs. OUR lenders can and will provide mortgage financing for anywhere in Canada.
The process involves an interview to establish what your financial obligations are currently and sending you off to purchase with a clear picture of what you’re able to afford.
You may be ready to take the plunge and purchase a vacation home. But before you start packing your bags and looking for the perfect place by the beach, you need to make sure you can actually afford it. That’s where a vacation home mortgage comes in.
A vacation home mortgage is a specific type of mortgage loan that can be used to finance the purchase of a second home. In order to qualify for this type of loan, you’ll need to prove to the lender that you have the income and assets necessary to make the monthly payments. You’ll also need to have a good credit score.
A vacation home mortgage can be a great way to finance your dream getaway property. But how do you qualify for one?
Here are a few things you need to know:
If you can meet all of these qualifications, then you should be able to get approved for a vacation home mortgage in Canada. Just make sure to shop around and compare rates before you commit to anything.