Get a vacation property.

A mortgage for your dream recreational property or needed second home that offers competitive rates and a low downpayment. Your principal residence can be used as extra collateral under a blanket mortgage.

• 3 & 5-year fixed rate; 5-year adjustable
• 75-day rate hold for fixed terms
• Maximum $575,000, with up to $775,000 for some major urban centres
• $50,000 minimum loan amount
• Up to 90% loan-to-value (plus lender fee)
• 20% prepayment and 20% increase in payment options every year
• Flexible payout & prepayment options
• For purchase, refinance, equity take out
• One time rate drop 7days prior to closing (if applicable)
• Principal residence can be used for extra collateral under a blanket mortgage.

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Contact a myNext Mortgage Planner today >