Buy your Cottage with a Cambrian Mortgage

At Cambrian you’ll get the same low rate for your cottage mortgage as you would for your home. Plus, we finance cottages on government or leased land too.

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FAQs for Buying your Cottage

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Mortgage Offers

Cambrian Variable closed mortgage logo link

1.55 Percent Rate


Save money with our lowest variable rate!


Plus, you can switch to a fixed rate mortgage at any time in the future. The choice is yours.



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It only takes 15 minutes


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Logo Showing Cambrian 2 year fixed mortgage rate - 1.95%

1.95 Percent Rate


Get peace of mind with our low fixed rate!


Get pre-approved and we’ll hold this rate for 120 days, giving you time to find your home or transfer your mortgage.


APPLY ONLINE
It only takes 15 minutes


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Cambrian Variable Open Mortgage Logo 2.45%

Image showing Cambrian's Variable Open Mortgage rate - 2.45%


The flexibility you want with a low variable rate!


Our Variable Open mortgage let’s you make changes to your mortgage anytime, without penalty.


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It only takes 15 minutes


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What you get with a Cambrian Mortgage

 

 
  • Low Mortgage Rate

    At Cambrian you’ll get the same low rate for your cottage mortgage as you would for your home. Plus, we finance cottages on government or leased land too.

  • Rate Guarantee

    When you get pre-approved for your cottage mortgage, we will guarantee our fixed mortgage rate for 120 days, so you know that your great low rate is locked in prior to your mortgage maturity date.

  • Quick Approval

    Because we are based in Winnipeg and Selkirk, our team can get your mortgage approved as quickly as you need it. And with our quick 15-minute web application, you can get started right away. 

  • Pay Off Your Mortgage Faster
    We love helping you save money. Which is why you can choose to pay up to an additional 20% of your original mortgage balance every year, without penalty. Make one lump sum payment or make additional payments throughout the year.
  • Local Expertise
    We’ve helped many people become cottage owners all over our beautiful province.
  • Advice and Care
    Our advisors love helping people just like you buy a vacation home. Rest assured that they will guide you each step of the way while you search for your dream getaway.



What is the difference between a first and second mortgage?


Getting a mortgage on a second property is fairly similar to the mortgage on your first property, other than 2 key differences.

On a second mortgage, Cambrian will provide:

  • Financing up to a maximum of 80% of the purchase price
  • Amortization term to a maximum of 25 years
.

Buying a Cottage


Buying a cottage can provide joy and relaxation for your family for years to come, but there are many things to consider before going out and buying your slice of paradise. Here are things you should consider:

  • What types of activities are you looking for?
  • How will you get to the cottage?
  • Where do you want to purchase?
  • What are your options for water and electricity?

Learn More


Ready to get a Cottage Mortgage?

OR
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OR

Quick 15-Minute Application

Apply Online
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Meet with an Advisor

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