Specializing in second home mortgages

Did you know that you can purchase a home other than your owner-occupied residence with as little as 5% down for a family member to live rent-free or a vacation home? And the interest rates are the same as owner-occupied rates! Learn more by contacting our mortgage broker today.

Mortgage term and payment flexibility

With a second home, you’ve already done a lot of the hard work that comes with securing a mortgage. As a result, you’ll enjoy greater term and payment flexibility from top lenders.

Most competitive rates for purchasing and refinancing

Refinancing your home and adding a second property is a great option, as are the high-ratio mortgage options offered by some lenders. With our help, you’re sure to find the perfect mortgage.

More options for fixed, variable and adjustable rate mortgages

By using a home equity line of credit (HELOC), you’ll be able to secure a much lower interest rate with conditions that work for you. Trust companies and private lenders are also excellent options.

Qualifying for a second home mortgage


The more equity you have, the better your chances of securing a second mortgage.


Dependable income makes dependable borrowers as it showcases their ability to make payments.

Credit Score

The higher your credit score, the lower your interest rates and the less you’ll pay overall.


The other factors listed are risky, so your lender will want to ensure your property is a secure investment.

Start the pre-qualification process today!

Everything you need to know

about a second home mortgage

Second home mortgages are available for purchase and refinancing, whereas vacation properties are available for purchase only. We assess your situation, provide factual information and outline the process and solutions you need to make an informed decision.

Borrowing From the Bank vs. a Broker

Borrowing from a bank can be more convenient if you have multiple financial products. A mortgage broker offers mortgage products from various lenders and helps find the right option to suit your needs. Both options are free, and it is best to compare your options before choosing one over the other.

Your home away from home awaits

Whether it’s a quaint cabin in the woods, a small-town getaway or an investment in your family’s future, you deserve to be excited about your second home! And with our help and the best second home mortgage rates available, that excitement isn’t likely to fade any time soon.

Frequently asked questions

The largest expense in purchasing a home is the down payment, usually accompanied by the deposit used to secure the property. You will also have to pay for the services of home inspectors and real estate agents if you’ve used them. Mortgage default insurance is required on purchases with less than 20% down. Some provinces also have a Land Transfer Tax (LTT), which is calculated as a percentage of the purchase price of the property. Other charges may include legal fees, disbursements, property tax, title insurance, moving and more. 

A home equity line of credit (HELOC) is generally considered the best option for those with good credit and more than 20% equity in their homes. 

A second home mortgage allows you to purchase a vacation home or property for a family member to live in rent free with a minimum 5% down payment. A second mortgage is added behind the first mortgage on an existing property and generally has a higher interest rate and fees associated with it.

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