Cottage buyers often face surprises when trying to finance their purchase. Suddenly challenges that did not affect your home purchase rise to the surface.
- no municipal water and sewage
- seasonal (or no) road access
- structure not built to code
- property encroachments
- waterfront valuation concerns
Furthermore, your financing of a second property should definitely take into consideration optimizing the tax consequences.
Arrange a call with us to map out your cottage financing strategy.
Mortgage brokering provided by Paul Fettes, Broker to 1655513 Ontario Inc. operating as Verico Reliance Mortgages FSRA License 10357, independently owned and operated