More and more Canadians are choosing to invest in vacation properties for various reasons such as relaxation, wealth-building, and family bonding. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, with different lending criteria compared to primary residences. Certain types of vacation and secondary homes may qualify for a minimum of 5% or 10% down payment, while others may require 20% or more, depending on categorization by lenders. Different types of cottages may also have varying down payment requirements and rates. Mortgage options are based on the property type, whether categorized as year-round accessible or seasonal, and down payments can be incorporated through mortgage refinancing, HELOC, or reverse mortgage. Innovative tools in Canada can streamline processes and ensure accuracy for interested individuals seeking more information and a quick mortgage pre-approval process.