Vacation properties are wonderful assets to own. They offer perfect opportunities to enjoy summers, long weekends, and even winter getaways with the family and friends. The memories that can be built from escaping to your very own family cottage are simply priceless. Not only that, but owning another piece of property is a great way to build wealth, as investment in real estate has for the most part always been a sound place to have your money tucked away and inevitably grow in equity. The outlook for most cottage regions in Ontario (Collingwood, Huntsville, Kawarthas, Georgian Bay, etc.) currently show solid demand and an expectation of rising prices.
Getting Approved For a Cottage Mortgage in Ontario
Whether you’re looking to buy summer cottage, a winter getaway, or even a ski chalet, you have options when it comes to securing a cottage mortgage Ontario. Lee Anne Taylor is an experienced independent mortgage expert who has helped numerous Ontarians get approved for a mortgage to buy their dream vacation home. No matter where you’re looking to buy – be it in Muskoka, Haliburton, Northern Ontario, or anywhere else in the country – Lee Anne is able to find the right lender for you who will work with your specific situation and provide you with the right interest rate and mortgage package for you.
Her team can access lenders all across the country, including finance firms, private lenders, trust companies and credit unions. They’ll find you the best mortgage interest rates to help you pay your mortgage with ease, and will put together mortgage options and packages to help you finance your second home. If you currently have considerable equity in your principle residence, there are ways to use that to help you get a home loan on your cottage property.
Independent mortgage brokers work with big banks but also many other lenders across Canada – many with different lending criteria and more accommodating criteria for mortgage approval. You only fill out one loan application and have one mortgage credit score pulled – then Lee Anne shops for the best rates and terms over all her lenders. Best of all – there is no charge for this service! Lee Anne also does mortgage renewals, second mortgages, home equity lines of credit and debt consolidation.
Contact Lee Anne today at (905) 336-8948 for more information regarding cottage mortgages, and about realizing your dream of owning a vacation home today!