What you need to know about buying a cottage on a line-of-credit

The search

Marcia Ruby and Tom Howard always hoped they’d get back to the Maritimes. Tom’s from Saint John, N.B., and for more than 30 years, the Kitchener, Ont.-based couple would travel east with their two daughters to visit family. “But when the grandparents passed, we had no easy place to go,” says Marcia. “Our hearts were there, but our wallets weren’t.”

So when