Are you considering to purchase a Second Home?
Your work hard and sometimes you need to reward yourself for all the sacrifices. Owning a second home is easier than you think. We can help you finance your Second home and pave that way. Your loved ones will appreciate it.
Perhaps it is a vacation property you have been dreaming about. We can help you realize that dream too.
What we promise you
A first time home buyer’s mortgage with —
- Quick approval
- Low down payment
- Low interest rates (See our rates)
- Flexible terms
- Favorable repayment terms
What you should do
Here are some quick facts for a second home mortgage to help you get started —
- What is the least down payment for a Second Home?
At least 5% of the sale price of your home. If you have 5 to 19% down payment, you will need mortgage insurance. No mortgage insurance, if your down payment is 20% or more.
- What is the required down payment if my credit is bad?
If credit is bad or challenged, you will need at least 20% down. Sometimes we can find a mortgage solution with only 15% down if the home is in a major city.
- What is a second home mortgage?
A mortgage on a second home or vacation property. A family member must occupy a 2nd home, rent free.
- What is the most important step for a second home buyer?
You need to qualify by affording the mortgage payments, property tax and heating costs on 2 homes. It is best to get pre qualified by a mortgage broker or bank before you decide to look for a property. We would be happy to discuss this with you. We help you determine your qualification and how much of a home you can afford.
We give unbiased, professional advice. We find you the options and products best suited to your needs.
The Process of Obtaining a Mortgage
Here’s a simple illustration on how we will secure your mortgage.
What if my credit is bad? Do not worry, we have alternative lending solutions. Learn More »
For more information on our second home mortgage solutions, call us today 1-877 237-2601 or fill out our online contact form.