Cottage Mortgage for Ontario, Canada Vacation Homes
Ontario has some beautiful lakes and great recreational properties.
Many Torontonians and other city dwellers escape to their vacation homes during the summer or all year round. If owning a cottage is a dream of yours, speak to the experts at Mortgage Medics. We make getting a cottage mortgage or vacation home mortgage easy!
Mortgage Medics has access to lenders all across Canada who offer mortgage products tailered for a cottage mortgage. In fact, 100% financing may be availbe for qualified properties and borrowers. We can show you how you can use the equity in your home to realize your dream of owning a cottage.
We have lenders for the two main types of cottage properities:
Type A is generally year round with central heating and road access. Type A properties are zoned as residential, seasonal or rural. Type A can be financed up to 95% of the property.
Type B properties are homes that are generally seasonal and central heating is not required. Seasonal road access is also permitted. Type B can usually be financed up to 75% of the value of the property.
Cottages can be a wonderful getaway destination for the whole family to relax and enjoy.
Why not begin making memories of your own with low rate financing on your cottage mortgage? Whether you are looking for a lakeside summer cottage or a winter ski chalet, Mortgage Medics can help you get the financing you need. We can tailor the mortgage to suit your needs with payments on a monthly, bi-weekly or weekly plan. Pre-payment options and flexible terms are also available.
Whether you are building a new cottage or purchasing a vacation home in Georgian Bay, Muskoka, Haliburton Highlands or other part of cottage country Ontario, call the cottage mortgage experts at Mortgage Medics.
Call us today for a free consultation on financing your vacation property. Mortgage Medics can approve you in as little as 24 hours so you can realize your dream of owning a cottage now.
Call Today - A Mortgage Medic is standing by!