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Cottage Mortgages & Vacation Home Mortgages |
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Owning a vacation or recreation property can be an extremely rewarding experience! Ontario has some of best vacation and recreation real estate available in Canada. |
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We have lenders and mortgage products that are tailored for this market. |
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There are generally 2 types of property classifications:
- Type A: Zoned and used as residential, rural or seasonal; central heating; year-round road access
- Type B: Central heating not required; seasonal road access is acceptable
Either are acceptable but reflect on the rate and the loan to value that is approved. Type B is sometimes more expensive. You can obtain 95% financing for Type A properties and 75% financing is available for Type B properties. |
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Some Guidelines: |
- Rates - bank discounted rates for those applicants & properties who qualify
- Term - any regular bank term
- Payments - Monthly, Bi-Weekly, Weekly, 25 yr Amortization
- Available in most parts of Ontario
- Funding - funding can happen very quickly if all is in order
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Financing as high as 100% of the properties value on some properties.
(We can also show you how to use the equity in your principal residence for the purchase of a vacation home) Rates below bank posted! Flexible terms and pre-payment privileges—so you can pay your mortgage off faster! We can finance your dream home! |
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Visit these links: |
Apply Online Now!
To get access to the lowest rates and terms, apply online or call
The Cottage Line 1-877-569-6841.
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