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.
Find out if the MCAP Secondary Home Program is right for you. A professional mortgage broker can help.