Second Home Mortgage
Canadian Mortgages Inc. (CMI) specializes in assisting individuals who own multiple properties for any purpose. Whether the purpose of this new house is to: provide your newly-wed child with a place to live, to better accommodate your aging parents, to purchase a property for your child to live in while they attend university or because you wish to acquire a vacation or country house for weekend getaways , CMI has many great programs that will fit within your financial means.
Second Mortgage
Perfect for a secured debt consolidation,
credit repair and renovations
and business loans!
If your intention is to acquire financing for a second property above 80% of the purchase price, it is mandatory that you apply to CMHC or Genworth for mortgage insurance. In most instances, banks are looking for mortgage applicants to make significant down payments in the area of 25% in order to be eligible for the remaining financing.
CMI has access to lenders with products that make the purchase of a second home possible with a down payment as low as only 5% of the purchase price!
Our quick turn-around times ensure that you can lock in your purchase in as little as 24 hours in many instances. With over 30 years of experience in the real estate marketplace, CMI has the knowledge and insight to act as your partner and consultant in the purchase process. CMI is a full service brokerage and our extensive network of real estate contacts are eager to make your purchase experience hassle and stress-free..
FREE turnkey service:
- Connections to Real Estate Agents
- Mortgage Approval and Funding
- Insurance, Lawyers, Appraisers, & Inspectors
Our experienced staff will ensure that your needs are taken care of, orchestrating real estate agents, lawyers, home inspectors, and appraisal services around your schedule and your lifestyle.
Programs Offered:
- Up to 95% financing on their vacation home mortgage loans
- Top rates for applicants with strong credit scores
- Credit lines secured in 2nd position
- Construction financing up to 95%
- Bridge financing for when your first property has not yet closed
Spend your time doing what you do best while CMI searches for the funding that best suits your needs. Your free consultation enables you to receive feedback on how CMI can help you within 24 hours, so you can place your offer immediately and secure the ownership of your new second home.
Contact us today and ask one of our representatives about our second home mortgages.
