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Realizing your Dream of Buying a Vacation Property

Many Canadians strive to achieve the goal of acquiring a vacation property that they can enjoy with their family and friends, and make memories that will last a lifetime. Not only are they wonderful retreats for the summer, but many of these cottages make a great escape year-round.

Ontario is home to many picturesque recreational locations. Popular destinations for cottage retreats include Muskoka, Georgian Bay, Bracebridge, Collingwood, Kewartha Lakes, Haliburton, Algonquin Park, Elliot Lake, Gravenhurst, Huntsville and many other locations. These destinations offer wooded areas, beautiful lakes, scenic hills and seasonal festivals to make the recreational experience an enjoyable one.

Fall is often a great time to get a good deal on a cottage. In order to buy these recreational homes in the beautiful province of Ontario, a cottage mortgage Ontario is necessary.

Types of Cottages

Depending on the type of retreat you are looking for, and the seasons that you will be using your cottage the most, cottage buyers will generally be looking at two types of properties:

Type A – These types of recreational properties are generally capable of being used year-round due to their central heating accommodations, as well as their year-round road access. These types of recreational homes can be financed with a cottage mortgage of up to 95% of the property’s value.

Type B – These types of cottages are seasonal in nature, and are usually only used in the warm summer months. These cottages usually do not come with central heating, and are generally associated with seasonal road access. These types of cottages are generally capable of being financed up to 75% of the property’s value.

Get the Cottage Mortgage You Need

Whether you are looking for a cottage you can retreat to in the warm summer months, or are looking for a year-round escape, the professionals at HomeLoansOntario.ca can help. Lee Anne Taylor and her team will be able to work hard to get you the mortgage you need, that suits your financial situation. These mortgages can be tailored to meet your specific criteria, in order to ensure that the monthly mortgage payments are comfortably made.

When looking for a cottage mortgage, call the experts at HomeLoansOntario.ca today at (905) 336-8948 and realize your dream of owning your very own cottage retreat.