A young couple wanted to finance the purchase of a vacation house with rental possibilities. They requested a 20% down payment which is possible though many banks require at least 30%.
Due to their youth, we chose a 25-year mortgage to minimize monthly payments and allow them to explore other investments in the future. Though insurance was not required, the customers requested it, and we connected them with an insurance broker with whom we have been dealing for years and who can provide excellent low premium rates.
* The rate / the product may differ to what is currently offered since this mortgage has been agreed.