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.
Prairie West Mortgage Group Inc. provides advice and solutions for clients wishing to acquire new mortgages with competitive market rates. Products range from mortgages, lines-of-credit and mortgage life & disability insurance plans. We are a mortgage solutions team powered by Axiom Mortgage Solutions.