Project Options
Finance your second home, vacation property, or rental investment using your home equity or savings—with guidance every step of the way.
Credit Friendly Options
From A-lenders to B-lenders, we help buyers with varying credit profiles find mortgage options for second homes.
Flexible Loan Terms
Choose from refinancing, HELOCs, or direct savings to structure the ideal mortgage plan for your second property.
Quick Approval Process
We evaluate your qualifications, stress test requirements, and rental income potential to get you approved efficiently.
Buying a Second Property?
We Help You Maximize What You Already Own
Whether it’s for family getaways, rental income, or long-term investment, a second property can be a smart financial move. You may be able to leverage your home equity through refinancing or a HELOC, or apply with a standard down payment based on your property type and purpose.
Let us guide you through the options—so you can grow your real estate portfolio with confidence.
Apply today and see how your home equity can power your next property.
Certified Team
Our mortgage professionals assess your full financial picture to secure your second property financing—without the stress.
Trusted Company
Powerhaus is trusted by Canadian families and investors for second property, vacation, and rental mortgage planning.
Apply For a Loan
Get Approved in a Few Simple Steps
Flexible Financing Options
We’ll Help You Structure It Properly
Buying a second property requires more than enthusiasm. Whether your goal is family vacation space or monthly income, we’ll help you use your current home equity or savings to qualify—while navigating income tests, lender requirements, and stress testing.
Apply now to access second property mortgage strategies that match your financial plan.
Frequently Asked Questions
You can either:
Refinance your mortgage based on your home’s new appraised value
Open a HELOC (Home Equity Line of Credit)
In Canada, your mortgage + HELOC together can’t exceed 80% of your home’s value.
Refinancing re-evaluates your home’s value and adjusts your mortgage. You can access built-up equity for a down payment, but it will increase your overall loan and interest payments.
HELOCs are interest-only, revolving credit lines tied to your equity—you only pay for what you use. Refinancing increases your mortgage principal but offers a lump-sum release of equity.
Vacation home (year-round accessible): 5%
Seasonal or non-winterized vacation home: 10%
Rental or investment property: 20% minimum, from your own savings (not a gift)
Yes—but only partially.
Some lenders accept 50% of projected rental income
Others may allow up to 80%, minus expenses
This affects your borrowing power.
Yes. Expect a premium of 0.10% to 0.20% on investment mortgages compared to owner-occupied homes.
Yes—interest and other eligible costs for income-generating properties can often be written off. Always consult your accountant for specifics.
To qualify for a conventional second mortgage, you’ll need a 680+ credit score. Lower scores may still qualify through alternative or B-lenders.
Yes. Most lenders cap personal mortgage portfolios at 5 properties. Beyond that, your file may be considered commercial and reviewed differently.