Mortgages for Secondary Homes with as little as 5% downpayment.

A long daily commute can siphon a lot of time over the course of a work week, taking a person away from healthy activities like sports, cooking wholesome meals and other hobbies. Today I’d like to share a story of how one young dentist was able to keep his commute to a minimum while continuing to remain a member of the rural community that he calls home. Genworth Canada’s Secondary Homes Program allows qualified homebuyers to purchase a secondary home, with one manageable mortgage and with as little as a five per cent down payment.

  • A long daily commute can siphon a lot of time over the course of a work week, taking a person away from healthy activities like sports, cooking wholesome meals and other hobbies. Today I’d like to share a story of how one young dentist was able to keep his commute…
  • Review our handy mortgage glossary of common phrases that newbie buyers need to know. Here’s an A-Z guide to the key mortgage speak you’ll be using in the weeks and months to come...
  • Mortgages for Vacation Homes with as little as 5% downpayment.
  • A conventional mortgage in Canada normally requires a down payment of at least 20% of the purchase price. When homebuyers have less than 20% for a down payment, Mortgage Insurance allows them to secure a mortgage for their home purchase.
  • Banks, credit unions and mortgage companies lend money to home buyers. This loan is called a mortgage. Your lender will ask you to fill out a loan application form that includes information about your income, employment and debts, and will use this information to determine your eligibility for a mortgage.…
  • Let your mortgage broker guide you through the process of securing a mortgage...

Achieve the homeownership dream sooner