Buying a Second Home

You’ve been there before so you know the ropes. Use that experience to save you money or gain that second home.

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If you have built up equity in your current home and are considering becoming a second home buyer, you have plenty of loan options to make a smooth transition. With Karista Mortgage’s mortgage strategies in place, becoming a second home buyer is easier than you think. 

The Right Home Loan

This is where your experience in previously purchasing a home will come in handy. If you have been paying your present mortgage for a few years or more, you will have noticed variable interest rates fluctuate over time, plus the opportunities that both variable and fixed interest rates provide. The temptation to change from fixed to variable interest rates, or vice versa, will arise. Here are just a few factors worth considering when looking to buy your second home:

  • What is your purpose for making a new property purchase?
  • Are your budget and cash flow sufficient to cover all costs?
  • Is it going to be an investment property?
  • What is your preferred loan type and loan structure?
  • How will your equity be used?

Find The Home You Love And We’ll Do The Rest

Your Karista Mortgage expert will outline all your options. We have the same purchasing power as Canada’s biggest banks, allowing you to choose a fixed rate, variable rate or another loan option. 

If you have found your perfect second home and are ready to snap it up, but are waiting to sell your current home, a bridge loan is an ideal solution. Bridge loans are interest-only loans, backed by the financial collateral of both your current and future home. It’s worth understanding that you will be paying the interest portion of the two loans until your current home sells, so budgeting will be important.

Why Choose Karista Mortgage?

Award Winning

One of Canada's most awarded Mortgage Brokers

Reliable & Highly Experienced

Helping Canadians achieve homeownership since 2003 with over 47 years of combined mortgage experience.

Dependable & Committed

We are committed to make a positive lasting difference from your first home purchase to your 2nd, 3rd and 4th houses, and more.

You’re Our Priority

Your best interest always comes first. We work for you and not the lenders.

What Our Clients Say About Us

Thank you Karista Team especially to Carolyn for helping me out, I will look forward to working with you again and I fully recommend karista mortgage. You are all amazing
- Esperanza G. -
Thank you so much Karista Mortgage team. You’ve helped us so much since we bought our first home. Carol has been so approachable and always goes the extra mile. She makes sure she has given us the best options in our decision-making. Highly recommended. See you again in our next purchase/s.
- Marie N. -
To all who want to invest in real estate and first-time home buyers I would definitely recommend Karista Mortgage. Sheilla is our Mortgage Strategy Manager for our rental property investment. She is very helpful, and answer all our queries. She will give you an excellent advice. To all the Karista Team, thank you so much for all your great work. Looking forward to work with you guys again. You make things possible!
- Mae S. -
We just purchased our first rental property and really appreciated the way Sheilla helped us make a wise decision and how she gave great advice. She made this stressful and daunting process go very smoothly. I highly recommend Karista mortgage!
- Jimmy -
Knowledgeable and service oriented. I would highly recommend Karista Mortgage as a mortgage broker.
- Mike M. -
Thank you Carolyn Kho of Karista. We did it, my kids are happy to our new place. This is the easiest and fastest processing for mortgage application. Highly recommended to those who are looking and planning to buy a house.
- Bless C. -
Thank you, Karista for the superb service! Everyone is so organized and very diligent in reminding all the requirements and updates. They guided us from start to finish and made sure we are on the right track!
- Richard A. -
The Karista Mortgage team helped me with my very first home purchase. They were super friendly and informative. They were easy to contact, communicated well, and answered all my questions. Thanks to them, my experience as a first time home buyer went smoothly. I definitely see myself working with them again in the future.
- John M. -

Buying a second home can be complicated and may take some time, let us help you make an informed decision that's appropriate for your situation.

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