Whether you’re looking for a second home that can be used for year-round enjoyment – or a cottage for weekend getaways – The Mortgage Architect’s Vacation Home Mortgage could be the ideal solution for your borrowing needs
What type of Properties are Eligible?
A vacation property is for recreational use and can come in many forms: cottage, ski chalet, cabin etc. A second home is used more traditionally for long commuters, retirees, university residence, etc. In both cases, lenders assume that the buyers of the property will either use it themselves or allow it to be used by family members on a rent-free basis.
Customized Mortgage Solutions
We understand that vacation properties are all different, and that your financing needs are unique. The experts at the Mortgage Architects will make a customized financing plan based on the type of property and your specific usage.
Minimum Down Payment Required
The Mortgage Architect’s Vacation Home Mortgage solution lets you finance up to 95%1 of the value of your vacation home. That means you could own your vacation with as little as 5% Down payment.