An increasing number of Canadians are choosing to invest in vacation properties, whether for relaxation, wealth-building, or creating memorable family moments. These properties, including non-winterized or remote locations, come with accessible mortgages featuring low interest rates. Different types of vacation homes, such as lake cottages or college housing options, require different lending criteria compared to primary residences. While certain vacation and secondary homes may qualify for down payments as low as 5% or 10%, others may require 20% or more. The classification of the property and its intended use affect the down payment requirements and interest rates offered by lenders. Additionally, mortgage options vary depending on whether the property is categorized as year-round accessible or seasonal. To assist with down payments, Canadians can explore mortgage refinancing, HELOCs, or reverse mortgages. With the help of innovative tools, streamlined processes, and efficient mortgage pre-approval, complete information and assistance are readily available.