Don Stoddart, AMP

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Vacation Homes

Vacation and Second Home Mortgages


As a mortgage broker, I am often approached by clients who are interested in purchasing a vacation or second home. Vacation and second homes can be an excellent investment, providing not only a place to escape to but also an opportunity to generate rental income. However, obtaining financing for these types of properties can be a bit more complicated than obtaining a mortgage for a primary residence. That’s why it’s crucial to work with a mortgage professional who has experience in this area.

Buying a vacation home can be done with as little as 5 to 10% down depending on the property itself. If it is a property that has all the amenities of home, then it may be possible. If it has some amenities that are missing such as it not a four season, on lake water, may not have a septic system or cottage on an island you will require a larger down payment.

One of the key considerations when it comes to vacation and second home mortgages is location. The type of financing you can obtain will largely depend on where the property is located and what it will be used for. Some areas, such as popular tourist destinations, may have stricter lending criteria, while others may have more flexible requirements.

Another important factor to consider is the purpose of the property. Will it be used primarily as a vacation home, or will you be renting it out to generate income? The answer to this question will impact the type of financing you can obtain. If you plan to rent out the property, you may need to provide additional documentation to demonstrate your ability to generate enough income to cover the mortgage payments.

At the same time, it’s essential to be realistic about your financial situation when it comes to obtaining a vacation or second home mortgage. This type of financing may come with higher interest rates and fees, so it’s crucial to carefully consider your budget and determine what you can comfortably afford.

As a mortgage broker, I can help you navigate the complex world of vacation and second home mortgages. I have access to a wide range of lenders and products, and I can help you find the best financing solution for your needs. Whether you’re looking to purchase a beachfront condo, a mountain cabin, or any other type of vacation or second home, I can help you find the right financing solution.

So, if you’re ready to take the next step towards owning a vacation or second home, don’t hesitate to get in touch with me today. I am here to assist in making your aspirations and dreams a tangible reality.


Spend quality time in your vacation property.

More Canadians than ever before are now spending quality time in their own vacation property. Cottages are now providing family memories for many average Canadians, who are taking advantage of innovative new mortgage products that put these getaway homes within reach!

We’re here to help you beat the banks. We look forward to your call to aid in your vacation home purchase.

I understand the importance of having a place to escape the hustle and bustle of everyday life and spend quality time with loved ones. That’s why I’m here to help you make your dream of owning a vacation property a reality.

With access to a wide range of mortgage options, including innovative new products, I can help you find a solution that fits your budget and your lifestyle. Whether you’re looking to purchase a cottage in the countryside, a beachfront property, or a second home in a bustling city, I can help you find the right financing solution to meet your needs.

In addition to offering competitive rates, I can also help you navigate the mortgage process and make sure you understand all the details and options available to you. And, because I work with multiple lenders, I can help you find the best mortgage rate and terms for your specific situation.

So, if you’re ready to start your journey to vacation home ownership, don’t hesitate to contact me today. I look forward to helping you beat the banks and financial institutions and make your dream a reality.

I understand the importance of creating memorable moments with your loved ones and how owning a vacation property can be a great investment. With the right mortgage options and rates, you can make this dream a reality.

We work with a wide range of lenders and can provide you with tailored mortgage solutions that fit your unique needs and financial situation. Whether you’re looking to buy a second home, refinance your existing vacation property, or upgrade to a bigger one, we have the experience and expertise to help you achieve your goals.

Our team of knowledgeable mortgage brokers at Key Mortgage Partners¬†will guide you through the entire process, from pre-approval to closing, and make sure you get the best mortgage terms and rates possible. We’ll help you compare different options along with types of mortgages, and explain the pros and cons of each, so you can make an informed decision.


Why wait? Start your journey to owning a vacation property today by working with a mortgage broker. Please do not hesitate to contact us or apply now so that we may assist you.

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