North America’s vacation property resource
North America’s vacation property resource
Explore articles covering various frequently asked questions related to purchasing, selling and owning a vacation home. For instance, is a vacation home considered investment property? Are mortgage rates higher for vacation homes? How much vacation home can I afford? Maybe you have even wondered what recreational property is? Find answers to these frequently asked questions and others.
Financing a vacation home today might be more difficult than before thanks to the current state of the market. Many banks are no longer offering second home loan products, aka vacation home loans, to reduce the risk of default. Citi, for example, is pulling back on their home equity loans and lines of credit for…
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Fractional vacation home ownership presents a more affordable way to own a vacation property with less stress and responsibility. Fractional ownership also provides you with a more passive way to own a property since multiple people own it and someone else takes care of the property. Whether it’s the sunny seashores of Montage Kapalua in…
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If you’re in the market for a second home, you may find that it’s more difficult to secure financing. Lenders have stricter requirements including a much larger minimum down payment for a second home. This is because lending money for a home that isn’t your primary residence is risky business. You have much less to…
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Last updated: November 20, 2021 How to Buy a Vacation Home: Introduction As I reflect on the topic of how to buy a vacation home, I am naturally drawn back to when I bought my first vacation home. In particular, I remember how much information was thrown at me. From understanding how much I could…
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Last updated: October 30, 2021 Can You Live on Recreational Land If you own recreational land or are thinking about purchasing it, you may be asking yourself: Can you live on recreational property? Can you live year-round on recreational property? How long can you live on recreational land? The answer is that it depends. Most…
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Introduction to Buying a Second Home As a real estate investor and owner of a vacation rental property, I’ve dealt with numerous ownership questions first-hand. I’ve also read various resources over the years in order to supplement my own experiences. Yet, there are many different resources out there on various topics, from the true costs…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.