Vacation Homes

Own the getaway you've always dreamed of. From lakefront cottages to ski chalets, I'll help you finance your perfect retreat.

Vacation Homes

A vacation property can be one of life's great joys — a place to unwind, build memories, and potentially generate rental income. But financing a second property has its own rules and considerations.

Whether you're looking at a seasonal cottage, a year-round cabin, or a recreational property anywhere in Canada, I'll help you understand your options and structure financing that makes sense.

What Lenders Consider

  • Property type and condition (seasonal vs. year-round)
  • Road access (road-access properties are easier to finance)
  • Intended use (personal vs. rental vs. both)
  • Down payment (typically 5–20% depending on property)
  • Your overall debt ratios including your primary home
  • Rental income potential (if applicable)

Why Work With Gagan Luna

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Lender Expertise

I know which lenders finance recreational properties — and which offer the best rates.

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Equity Solutions

A HELOC or refinance on your primary home can elegantly fund your vacation property purchase.

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Full Picture Planning

I'll make sure a vacation property fits comfortably within your overall budget.

Frequently Asked Questions

Q: What's the minimum down payment?

For personally-used properties with year-round road access, as little as 5% down may qualify. Seasonal or remote properties typically require 20%+.

Q: Can I use rental income to qualify?

In many cases, yes. If you plan short-term rentals, some lenders will consider projected income in your application.

Q: Can I use a HELOC on my primary home to buy a cottage?

Absolutely. This is a popular strategy — draw on your home equity for the down payment and take a separate mortgage on the vacation property.

Ready to take the next step?

Book a free, no-obligation consultation and let's find the right mortgage for your situation.

Apply Now → Contact Gagan