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Investment Mortgage 95% LTV (Vacation Home)

Owning vacation or recreation property can be an extremely rewarding experience! Borrowers can now obtain financing on vacation/recreation homes with 5% down.  These vacation/recreation properties do not have to meet the normal lending guidelines. For example, they do not have to have a permanent heat source or the foundation may be floating. The water source does not need to be drinkable; however, there must be running water in the home.  The property can also be only accessible by boat or seasonal road.

Vacation Home Mortgage Example:
Mr. Smith currently lives in a Calgary and would like to own a vacation property in Kelowna. With as little as 5% down his dreams can now be fulfilled.


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