The number of Canadians investing in vacation properties is on the rise. These properties offer relaxation, wealth-building opportunities, and cherished family moments. Even non-winterized or remote locations can be financed with accessible mortgages featuring low rates. Whether it's a lake cottage or a college housing option, there are different mortgage options available to suit various purposes. It's important to note that lending criteria differ for second or third homes compared to primary residences. Some vacation and secondary homes may require a minimum down payment of 5% or 10%, while others may require 20% or higher. The categorization of the property type, such as year-round accessible or seasonal, determines the mortgage options and rates. Down payments can be incorporated through mortgage refinancing, HELOC, or reverse mortgage. Canadian borrowers can take advantage of innovative tools to simplify and ensure accuracy in the mortgage process. Contact for full information and a quick mortgage pre-approval process.