Are you considering to purchase a Second Home?
Second home mortgage? Your work hard and sometimes you need to reward yourself for all the sacrifices. Owning a second home is easier than you think. We can help you finance your Second home and pave that way. Your loved ones will appreciate it.
Perhaps it is a vacation property you have been dreaming about. We can help you realize that dream too.
What we promise you
A first time home buyer’s mortgage with —
- Quick approval
- Low down payment
- Low interest rates
- Flexible terms
- Favorable repayment terms
What you should do
Here are some quick facts for a second home mortgage to help you get started —
- What is the least down payment for a Second Home?
At least 5% of the sale price of your home. If you have 5 to 19% down payment, you will need mortgage insurance. No mortgage insurance, if your down payment is 20% or more.
- What is the required down payment if my credit is bad?
If credit is bad or challenged, you will need at least 20% down. Sometimes we can find a mortgage solution with only 15% down if the home is in a major city.
- What is a second home mortgage?
A mortgage on a second home or vacation property. A family member must occupy a 2nd home, rent free.
- What is the most important step for a second home buyer?
You need to qualify by affording the mortgage payments, property tax and heating costs on 2 homes. It is best to get pre qualified by a mortgage broker or bank before you decide to look for a property. We would be happy to discuss this with you. We help you determine your qualification and how much of a home you can afford.
We give unbiased, professional advice. We find you the options and products best suited to your needs.
The Process of Obtaining a Mortgage
Here’s a simple illustration on how we will secure your mortgage.
What if my credit is bad? Do not worry, we have alternative lending solutions. Learn more.
For more information on our second home mortgage solutions, call us today 1-877 237-2601 or fill out our online contact form.
Ready to invest in a second home or seeking information about our lending areas? Join our community of savvy investors and explore your options. Click here to get in touch, and let us assist you in realizing your second home dreams at CanadianMortgageFinder.com.