Secondary Home Program
Whether a vacation property or a home for a family member, get the financing you need to purchase a second home.
Purchasing and financing a second property is easy with MCAP
As the needs and lifestyles of Canadians continue to evolve, many are choosing to purchase a second home as a getaway destination, a home for a child starting out, or for a family member starting again.
The MCAP Secondary Home Program provides financing up to 95% loan-to-value on the purchase of a second home that will be occupied at some point in the year by the purchaser or a relative on a rent-free basis.
What’s more, the MCAP Secondary Home Program offers competitive rates, flexible payment schedules and prepayment privileges that can help you pay down your mortgage faster.