Interested in getting a home away from home but don’t know what the qualifications are?

Buying a second home for yourself or a family member or a vacation home is much simpler then it might seem. Homeowners buying a second home can purchase the second property with as little as 5% down with the following considerations:

  1. Down payment can be from own resources or other sources such as gifted or loaned down payment
  2. The property must be owner occupied during the year or occupied by a family member
  3. The property can be new construction
  4. A maximum of two homes can be insured by mortgage insurers in Canada
  5. The property must have year round access
  6. Timeshares and rental pool are excluded

Talk to us at Kidney Mortgage today to find out if you qualify for a second home!





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