Contact Us Today to Explore Stress-Free Financing Options for Your Vacation Property!
At Keith Uthe Demystifying Mortgages, we understand that owning a vacation home or second property is a dream for many. However, current regulations and stricter requirements have made financing these properties more challenging. But don't worry; we're here to help! Our mortgage experts specialize in vacation home mortgages in Calgary, Alberta and can guide you through the process, ensuring a simple and stress-free experience. Whether you're looking for a high-ratio mortgage with a low down payment or considering refinancing your current home to add a second property, we have solutions tailored to your needs.
Financing Solutions for Your Dream Vacation Property
Financing a vacation home requires careful consideration and expertise. We offer financing options designed specifically for vacation and second homes. Here's what we provide:
High-Ratio Mortgages: Some lenders offer high-ratio mortgage options with as little as 5% down, depending on the type of property. We'll help you explore these options and find the best solution for your specific needs.
Higher Down Payments: Depending on the purpose, type of property, and access throughout the year, higher down payments of 20% or more may be required. We'll assess your situation and provide guidance on the ideal down payment strategy.
Property Assessment: It's essential to evaluate the quality and suitability of vacation properties. We'll assess properties with year-round road access, residential-standard water and septic systems, electrical and heating systems, and recreational purposes. We'll also provide information on any additional restrictions or considerations for properties with seasonal access.
Tailored Solutions: Every situation is unique, and we're here to provide factual information and outline the financing process, ensuring you can make an informed decision about your vacation property.
Refinancing: If you currently own a home, refinancing your mortgage to include a second property is an option worth considering. We'll guide you through the refinancing process and explore how it can help you finance your dream vacation home.