Vacation or Recreational Property Mortgage – Your Ticket to Paradise

Where do your vacation dreams take you? A quiet retreat outside Calgary, a tropical resort, a quaint secluded cabin, or an ATV trail that runs through 40 acres of wilderness? Regardless of the location or your preferred activities, more and more Canadians are finding solace and relaxation—or fun and excitement—through a vacation or recreational property mortgage. Don’t we all need a little downtime?

A Home Equity Loan or Second Mortgage may be the Answer

So, you know where you’re headed. Now how do you get there? MBN Mortgage can show you the way. If you have acquired equity in your home, a home equity loan may provide the money you need for a vacation or recreational property mortgage—either in terms of refinancing and/or a down payment.

But what can you afford? Would you be looking at a fixed or variable interest rate? Does a second mortgage have any bearing on your first mortgage? These are all valid and important questions that we want you to ask and will be glad to answer. In fact, the better you understand your options and the various mortgage products available to you, the more comfortable you will be in making decisions. That’s important to you and it’s important to us.

MBN Offers Loan and Mortgage Advice that’s Second to None

In addition to enhancing your lifestyle, a vacation or recreational property mortgage can also offer investment advantages. Appreciation of the property or rental income can provide significant returns on your investment. There may also be important tax implications to consider.

The type of loan, mortgage or second home financing that is best for you will depend on a number of factors. We look forward to helping you sort through the red tape and delivering the keys to your front door. Contact us today.