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cottage mortgage

Cottage Mortgage

cottage mortgages ontario

What is Cottage Mortgage ?

Looking to buy a cottage? You are not alone. In the past a year alone cottage ownership has gone up significantly and there seems to be no sign of a slow down to the demand. Mortgages for cottages are different than mortgages for your primary resident mortgage. Cottages can be passed down through generations so looking for the right one is important. Let our mortgage advisors help in your decision and navigation of this lending options.

There Are Two Types Of Cottages In The Market Place

  1. Year Round Home – Type A
  2. Seasonal Cottage – Type B

In each of these cottages 3 main areas are looked at when assessing the value of the property:

  • Water – water pressure and quality of the water
  • Septic tank – suited for the number of water outlets in the house
  • Heating System – 3 or 4 general areas of heating.
cottage mortgages in Ontario

We are always there for you to help make the right decisions for your cottage commercial mortgage.

For the last 15 years, We have been providing the communities of Ontario with flexible, trustworthy business and residential mortgages to make home and commercial facility accessible.
We will assist you in comprehending your financing possibilities and locating an affordable mortgage. We will walk you through the procedure and make it as simple and straightforward as possible.

Free Consultation Request

Need help making the right decisions for your mortgage? Provide us your brief information and send us. We will get back to shortly.

Speak With An Expert

Our experts are always online to help you and answer all your questions. Please click on the following No.  and give us a call.

Proudly Serving All Areas Of Ontario

  • MAO Mortgage Toronto
  • MAO Mortgage GTA
  • MAO Mortgage Mississauga
  • MAO Mortgage Brampton
  • MAO Mortgage Scarborough
  • MAO Mortgage North York
  • MAO Mortgage Maple
  • MAO Mortgage Vaughan
  • MAO Mortgage Richmond Hill
  • MAO Mortgage Markham
  • MAO Mortgage  Aurora
  • MAO Mortgage Newmarket
  • MAO Mortgage Bradford
  • MAO Mortgage East Gwillimbury
  • MAO Mortgage West Gwillimbury
  • MAO Mortgage Stouffville
  • MAO Mortgage Barrie
  • MAO Mortgage Nobleton
  • MAO Mortgage Schomberg
  • MAO Mortgage New Tecumseth
  • MAO Mortgage Shelburne
  • MAO Mortgage Orangeville
  • MAO Mortgage Innisfil
  • MAO Mortgage Pickering
  • MAO Mortgage Ajax
  • MAO Mortgage Whitby
  • MAO Mortgage Oshawa
  • MAO Mortgage Bowmanville
  • MAO Mortgage Kingston
  • MAO Mortgage Uxbridge
  • MAO Mortgage Peterborough
  • MAO Mortgage Nobleton
  • MAO Mortgage Mississauga
  • MAO Mortgage Hamilton
  • MAO Mortgage Bolton
  • MAO Mortgage Milton
  • MAO Mortgage Oakville
  • MAO Mortgage Burlington
  • MAO Mortgage Guelph
  • MAO Mortgage Cambridge
  • MAO Mortgage Grimsby
  • MAO Mortgage Stoney Creek
  • MAO Mortgage St. Catharines
  • MAO Mortgage Welland
  • MAO Mortgage Brantford
  • MAO Mortgage Huron
  • MAO Mortgage Woodbridge
  • MAO Mortgage Niagara Falls
  • MAO Mortgage Niagara On The Lake
  • MAO Mortgage Welland
  • MAO Mortgage  London (London Ontario)
  • MAO Mortgage  London
  • MAO Mortgage  Kitchener
  • MAO Mortgage  Waterloo
  • MAO Mortgage  Woodstock
  • MAO Mortgage  Aylmer
  • MAO Mortgage  St. Thomas
  • MAO Mortgage  Drumbo
  • MAO Mortgage  Langton
  • MAO Mortgage  Stratford
  • MAO Mortgage  Windsor
  • MAO Mortgage  Ottawa
  • MAO Mortgage  Kanata
  • MAO Mortgage  Greely
  • MAO Mortgage  Napean
  • MAO Mortgage  Kleinberg
  • MAO Mortgage  Brampton

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Cottage Mortgage

Looking to buy a cottage? You are not alone. In the past a year alone cottage ownership has gone up significantly and there seems to be no sign of a slow down to the demand. Mortgages for cottages are different than mortgages for your primary resident mortgage. Cottages can be passed down through generations so looking for the right one is important. Let our mortgage advisors help in your decision and navigation of this lending options.

There Are Two Types Of Cottages In The Market Place

  1. Year Round Home – Type A
  2. Seasonal Cottage – Type B

In each of these cottages 3 main areas are looked at when assessing the value of the property:

  • Water – water pressure and quality of the water
  • Septic tank – suited for the number of water outlets in the house
  • Heating System – 3 or 4 general areas of heating.

Free Consultation Request

Need help making the right decisions for your mortgage? Provide us your brief information and send us. We will get back to shortly.

Speak With An Expert

Our experts are always online to help you and answer all your questions. Please click on the following No.  and give us a call.

There Are Two Types Of Cottages In The Market Place

Owning a cottage doesn’t have to be a dream. There are number of options available to you. Typically lenders will look at few things for approval.

Type “A cottages” will fall under the same criteria as a fully financed home, essentially it is a second home. This will either be financed with insurance or without depending on our your credit situation.

Type “B cottages” have different financing options available. For example some lenders may qualify an insurance property for up to 90% of the purchase loan to a maximum value of $350,000. Uninsured lending options typically result in the loan value being reducedto 65% of the purchase value with an increased interest rate.

Proudly Serving All Areas Of Ontario

  • MAO Mortgage Toronto
  • MAO Mortgage GTA
  • MAO Mortgage Mississauga
  • MAO Mortgage Brampton
  • MAO Mortgage Scarborough
  • MAO Mortgage North York
  • MAO Mortgage Maple
  • MAO Mortgage Vaughan
  • MAO Mortgage Richmond Hill
  • MAO Mortgage Markham
  • MAO Mortgage  Aurora
  • MAO Mortgage Newmarket
  • MAO Mortgage Bradford
  • MAO Mortgage East Gwillimbury
  • MAO Mortgage West Gwillimbury
  • MAO Mortgage Stouffville
  • MAO Mortgage Barrie
  • MAO Mortgage Nobleton
  • MAO Mortgage Schomberg
  • MAO Mortgage New Tecumseth
  • MAO Mortgage Shelburne
  • MAO Mortgage Orangeville
  • MAO Mortgage Innisfil
  • MAO Mortgage Pickering
  • MAO Mortgage Ajax
  • MAO Mortgage Whitby
  • MAO Mortgage Oshawa
  • MAO Mortgage Bowmanville
  • MAO Mortgage Kingston
  • MAO Mortgage Uxbridge
  • MAO Mortgage Peterborough
  • MAO Mortgage Nobleton
  • MAO Mortgage Mississauga
  • MAO Mortgage Hamilton
  • MAO Mortgage Bolton
  • MAO Mortgage Milton
  • MAO Mortgage Oakville
  • MAO Mortgage Burlington
  • MAO Mortgage Guelph
  • MAO Mortgage Cambridge
  • MAO Mortgage Grimsby
  • MAO Mortgage Stoney Creek
  • MAO Mortgage St. Catharines
  • MAO Mortgage Welland
  • MAO Mortgage Brantford
  • MAO Mortgage Huron
  • MAO Mortgage Woodbridge
  • MAO Mortgage Niagara Falls
  • MAO Mortgage Niagara On The Lake
  • MAO Mortgage Welland
  • MAO Mortgage  London (London Ontario)
  • MAO Mortgage  London
  • MAO Mortgage  Kitchener
  • MAO Mortgage  Waterloo
  • MAO Mortgage  Woodstock
  • MAO Mortgage  Aylmer
  • MAO Mortgage  St. Thomas
  • MAO Mortgage  Drumbo
  • MAO Mortgage  Langton
  • MAO Mortgage  Stratford
  • MAO Mortgage  Windsor
  • MAO Mortgage  Ottawa
  • MAO Mortgage  Kanata
  • MAO Mortgage  Greely
  • MAO Mortgage  Napean
  • MAO Mortgage  Kleinberg
  • MAO Mortgage  Brampton

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