Mortgage for Vacation Home, Cottage, or Cabin Purchase

You can purchase a second home, cottage, or cabin with as little as a 5% downpayment

• Getting pre-qualified is the first step
• If the intention of the property is ‘owner occupied’ (eg; home on the coast, home near your kids or elderly parents, cottage at the lake, condo where you regularly travel for work etc) you are able to purchase another property with as little as 5% down payment. 
• Note: 4 season cabins (=5% down payment) 3 season cabins (=10% down payment)