Subscribe Today!

Keep current on the latest mortgage news!

Sign up for our alerts and bulletins and we will keep you informed on a variety of mortgage related topics.



Investment & Cottage Purchases

Cottage Financing

Cottage financing in the past was expensive but not any more!

  • Both client and property must meet criteria
  • Maximum loan to value (LTV) on a purchase - 95% or on an existing property — 90%

Eligible Properties

  • Year round access (please call us for information on island cottage purchases)
  • Well & Septic systems (variances available)


  • 25 year standard
  • Extended amortizations of 30 and 35 years are available

Rental / Investment Purchases

Both the applicant and property must meet lending criteria

  • Types of property — Maximum 1-4 units — residential
  • Maximum LTV — 90%

Borrower Qualification

  • Downpayment from borrowers own resources
  • Maximum Total Debt Service Ratio 40%
  • Using actual rent or 80% of market rent


Always remember…

The VanderDuim Mortgage Team is here for you —
Before, during and after your transaction closes.


* On approved credit (OAC)E&O