Buying a vacation property

Springtime weather leads to thoughts of summer - and possibly your own cottage. Or perhaps you've recently had a winter vacation, and the low house and condo prices in places like Florida have got you thinking of investing in your own winter retreat.

Whatever the case, make sure you take your time and do your homework, even before you have anything definite in mind. You do not want to make the mistake of jumping into a property before you fully understand important matters such as zoning bylaws; ownership restrictions (i.e. children allowed; renting allowed; building covenants); taxes, insurance costs and other factors. You are also well-advised to do your research to determine a reputable, knowledgeable realtor who is truly committed to your best interests.

You increase your buying position when you already know how much you can comfortably offer on a property. Starnews can help. Many of our members already have Meritlines - funds that are already available any time you need them. With a Meritline, no loan application is required; you just write the cheque from your account.

To learn more about your Meritline, just give us a call. We can also assist you with other options such as our Incredible Rate with Cash Back mortgages. Come to us for your next Coffee Break, and let's see where the conversation might take you!

Apply today for your Meritline today, or call 416.366.5534 or 1.877.782.7639.