A vacation home mortgage, sometimes known as a second home mortgage or vacation property mortgage, is a home loan used for the express purpose of purchasing a second property on Canadian soil.
It can often be more challenging to qualify for a second home/vacation property due to government guidelines.
It is important to show lenders you are a qualified borrower.
Whether it's deciding on a fixed-rate mortgage or a home equity loan to finance your vacation property, a Mortgage Broker with Prairie West Mortgage Group can help you decide which solutions best meet your needs.
