All that’s missing in your perfect world is a cottage ?
Already a home owner, and you cannot stop dreaming about a cottage out in the country or a pad in the downtown core? With over 25 years of experience in the mortgage industry, Multi-Prêts can offer you, via its chosen lenders, vacation property programs that will make your dreams a reality. Our trained mortgage consultants can help you put your project in perspective and determine the steps required to find the mortgage that best suits your needs.
Did you know that
- You can contract more than one mortgage at a time - for example: a mortgage on your primary residence and another on your second home.
- Only one property can be considered as primary, the others are considered as secondary.
- A downpayment of only 5% can make the dream of owning a second home come true.
- You can also finance the purchase of a second home by using the increase in equity gained over the years on your primary home.
Various options are available for each of your mortgages. Let us help you finalize your project and benefit from our market knowledge to get you a mortgage at unhoped-for conditions and rate.
Rental properties
If you wish to buy a rental property - that is, a property where you do not reside, take advantage of your Multi-Prêts Mortgage Broker's consultant advices.
What you need to know
- You need a downpayment of 5% to purchase a single or 2 unit property.
- However, a 3 or 4 unit property will require a 10% downpayment.
- Finally, if you intend on buying a property of 5 units or more, a 15% downpayment will be required.
Contact us for more information.
