Second Home/Vacation Property Mortgage
Mortgage Agent based in London and Windsor, Ontario
A Vacation Property Mortgage allows borrowers to receive financing for a second property, whether it is a vacation home they plan to visit throughout the year or a property they plan to rent out.
A Vacation Property Mortgage, sometimes known as a Second Home Mortgage or Vacation Home Mortgage, is a home loan used for the express purpose of purchasing a second property.
Vacation Property Mortgages allow borrowers to finance a property that can be used for both personal use and investment. Vacation properties can be wonderful assets that add to your net worth, while also providing you and your family the perfect spot to vacation. Since vacation properties are often located in areas that draw tourism, their values are often higher than traditional homes.
In addition, vacation properties can be used as rental properties, allowing borrowers to find tenants, whether year-round or for specified lengths of time, that will provide a steady flow of extra income.