second home mortgage bc illustrationSecond Home Mortgage Purchasing BC – TMG The Mortgage Group Canada Inc

Do you want to buy a second home in BC or Canada? If so, CMHC will now provide homeowner insurance for borrowers with more than one residential property. You can now buy a second home with as little as 5% from your own source. The new home must be intended for occupancy at some point during the year by the borrower or a relative of the family. This second home can be anywhere in Canada. These types of loans are still subject to lenders TDG & GDS guild lines but do qualify for our discounted Mortgage Rates. If you are looking to buy a Rental Property or income property you will require a larger down payment.

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