As we reach the height of summer, the idea of purchasing a cottage or recreational property often comes to mind!
Financing a recreational property can make owning a secondary home a reality for you and your family for years to come.
Boating and water adventures, weekend bike trips, ski chalet memories, and retreat getaways are just a few reasons many of our clients choose to own a secondary property.
Here are a few ways to obtain a mortgage for a recreational property:
- Cottage and Recreational Property Mortgage Programs:
Many banks offer financing options specific to this type of zoning and use. - Setting Up a HELOC on Your Existing Home:
Utilize a Home Equity Line of Credit. - Refinancing Your Existing Home:
Refinance to free up funds for your new property. - Obtaining Alternate Financing:
Consider alternative financing for off-the-grid properties, perfect for unplugging with your family. - Modular Homes on Land:
Financing modular and mobile homes can be challenging, but if the home is situated on a piece of land, we may be able to assist.
Whether you’re looking to invest in commercial properties, exploring co-op housing, or facing unique zoning challenges, we are here to guide you every step of the way. Our experienced brokers are ready to help you navigate the complexities of the real estate market.
For details on making your cottage or recreational property a reality, book an appointment with Paul here.
