Getting a Cottage Mortgage Ontario for Your Vacation Home
Ontario has a vast amount of gorgeous lakes and cottage settings for Canadians to escape to during the summer months, or even all year round. Owning your very own cottage to use at your leisure makes vacationing that much more enjoyable and convenient. There are often bargains to be found in the fall or winter, and many cottages are also conveniently located near ski hills – making them the perfect year round destination.
When you have decided to purchase your own cottage or vacation home, it’s in your best interest to speak with a mortgage specialist, such as Claire Drage, who has the necessary expertise to help you arrange the best cottage mortgage to help finance your Ontario vacation home.
Cottage Mortgages – Consult the Experts
When you are shopping for a mortgage, you will naturally want to lock in a low interest rate. However, cottage mortgages are not necessarily only about rate, but also about the conditions and terms of the mortgage that will allow you to pay off this second home mortgage as quickly as possible. This is where the services of a knowledgeable mortgage broker can help arrange the perfect structure for your cottage mortgage Ontario.
There are generally two types of cottages:
Type A – These types of cottages are those that are generally used year round, even throughout the winter months. Because of this year-round use, these homes usually have heating and road access, and are zoned appropriately (residential, seasonal or rural). Home buyers can get financing for up to 95% of the home’s price.
Type B – These vacation homes are usually used only during the summer months, and therefore don’t usually need or have a heating system. These homes have seasonal road access, and can be financed up to 75% of the home’s price.
You can begin creating memories that will last a lifetime by spending quality moments with friends and family at a fun and relaxing vacation home. Getting a mortgage specialist to help you attain the proper cottage mortgage can help to make these memories happen right away.
Mortgage agents, like award winning Claire Drage, can find you the right mortgage terms, conditions and rates that are customized to suit your particular situation. Claire can connect with lenders across Canada, and find the one who will provide you with the lowest rates and the best terms possible. You only fill out one application and have one credit report pulled. Claire can then shop your cottage mortgage over big banks, private lenders, trust companies, credit unions and other financial lenders. Payment options can be quite flexible, and tailored to your financial position so that you can make comfortable payments, while paying off your mortgage as quickly as possible.
Get Claire to help you realize your dreams of buying the perfect vacation home for you and your family. Her and her team also do mortgage renewals, home equity lines of credit, new to Canada mortgages and mortgage refinancing.
Call Claire today for a personal and confidential financial evaluation and consultation. She could save you thousands on your mortgage – all at no cost to you! Give her at call at 289-679-0123 or learn more at www.yourmortgageoptions.ca.
Attaining a Cottage Mortgage For Your Ontario Vacation Home
Owning Your Own Cottage
Have you ever dreamed of having your own cottage that you can go to any time you please? Imagine the freedom of being able to decide on a whim that you’d like to spend the weekend in the country without having to make reservations and pay crazy fees to rent a place that’s not yours. Instead, you can spend endless summer days with friends and family in your very own cottage and create memories that will be sure to last a lifetime.
Affordability of Cottage Living
Many Canadians love cottage life, which is provided in abundance in many Ontario vacation spots. A lot of people may think that dreams of owning a cottage in Ontario is way out of their league financially. What they fail to realize is that owning a cottage can be easier than they think. There are some amazing cottage communities in Ontario that are highly affordable, and offer Canadians options to buy cottages for well under $200,000.
In fact, a new cottage development called Summer Village located in Prince Edward County in southern Ontario is offering Canadians looking for cottages affordable properties with impeccable scenery. Some of the most gorgeous beaches in Canada are located on this quaint island, along with a serene landscape and rural culture.
Getting the Mortgage You Need to Buy Your Vacation Home
Additionally, getting a mortgage for your vacation property can be made simple and efficient, particularly with the use of a professional mortgage specialist, like Lee Anne Taylor of Home Loans Ontario. Lee Anne has worked with countless borrowers looking to get a cottage mortgage Ontario. She has helped connect these cottage owner-hopefuls with the lenders who are in the business of providing consumers with mortgages they need to fund their cottage purchase. With the connections of Dominion Lending Centres on her side, Lee Anne can show you ways to use the equity in your current home to finance your cottage – and other ways to get a second home mortgage.
Lee Anne Taylor – Your Cottage Mortgage Specialists
If you have dreams of owning your own cottage, give Lee Anne Taylor a call today. She will work diligently on your behalf to secure the cottage mortgage that you need to buy the Ontario vacation home of your dreams! Call (905) 336-8948 or go online today at www.HomeLoansOntario.ca!
Using a Cottage Mortgage Ontario for Vacation Properties
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.
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