2nd Home/Move Up Buyer Mortgages

Are you considering purchasing a second home or moving up to a larger property? Congratulations on this exciting step! However, before you start browsing real estate listings, it’s essential to understand the mortgage options available to you as a second home or move-up buyer.

At [Your Mortgage Brokerage Name], we specialize in helping clients in Saskatoon find the best mortgage solutions for their unique needs. Whether you’re looking to purchase a second home as a vacation property or upgrade to a larger house for your growing family, we can guide you through the process and secure the best deal.

One option available to second home or move-up buyers is a conventional mortgage. This type of mortgage typically requires a down payment of 20% or more, and the interest rates may be slightly higher than those of primary residence mortgages. However, conventional mortgages offer more flexibility in terms of property types and loan amounts, making them an excellent choice for those seeking a second home or larger property.

Another option to consider is a home equity loan or line of credit. If you already own a home and have built up equity, you can use that equity as collateral for a loan to purchase a second property. This option can be ideal for those who want to keep their primary residence but also invest in a vacation property or larger home.

When it comes to finding the right mortgage for your needs, working with a knowledgeable mortgage broker can make all the difference. At [Your Mortgage Brokerage Name], we have extensive experience helping clients in Saskatoon navigate the mortgage process and secure the best rates and terms.

To learn more about second home and move-up mortgages, or to schedule a consultation with one of our expert mortgage brokers in Saskatoon, contact us today.


  • “Buying a Second Home – Tips, Advantages & Disadvantages.” Canadalend.com, Canadalend.com, 25 Mar. 2021, canadalend.com/blog/buying-a-second-home-tips-advantages-disadvantages/.
  • “Move-Up Buyers: What You Need to Know.” The Balance, Dotdash, 17 Dec. 2020, thebalance.com/move-up-buyers-what-you-need-to-know-4585854.