2nd Home Financing – Canadian Mortgages Inc
Whether you are looking for a weekend getaway property for skiing, water sports or just a property outside the city’s confines to escape the hectic city life, CMI has the products available to help you make this dream a reality.
Construction financing for recreational and cottage properties is complex.
Most traditional banks do not understand this type of mortgage loan.
Whatever the particular classification of your vacation home, CMI is here to help. As a fully licensed member of CAAMP(formerly CIMBL) you can be certain that you are dealing with fully insured as well as accredited professionals that have a strong belief in both privacy as well as ethics.
Programs Offered:
- Second home mortgage
- Standalone or fixed-term construction mortgages available
- Interest only payments help keep payments low during construction
- Financing available for winterized cottages up to 80% for qualified projects
- Non-traditional mortgage financing available for self-employed & poor credit
Commercial recreational property financing available as well, for projects such as: Marinas, Golf Courses, Mobile Parks, Sports & Recreational Facilities
Seasonal, rural, and unusual properties are often difficult to finance. Many times, what works well as a vacation spot for the family may not conform precisely to your bank’s idea of “real estate security”.
Our insight into this niche market is demonstrated by our network of lenders that offer financing for properties which are: located on an island, without direct road access and for those that lack running water, plumbing and/or septic tanks.
Contact us today and ask one of our construction representatives about the 2nd home financing we offer.
