RBC Royal Bank has launched a vacation home mortgage that provides up to 90% financing. This new mortgage does not require purchasers to use their primary residence as equity.

“Canadians have been carrying on a love affair with cabins, cottages and other recreational properties since Confederation,” stated Scott Brown, VP, mortgages, RBC Royal Bank. “This new financing option allows even more Canadians to buy that lakeside cottage or chalet by the ski slopes sooner, and while interest rates are still low and property is affordable.”

The RBC Vacation Home Mortgage allows qualified buyers to finance recreation properties easier while keeping their primary and secondary residence financing separate.

Would-be vacation property owners can learn more by clicking http://www.rbcroyalbank.com/mortgages/.