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.
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…
Read More
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 More
If you currently own a second home in the United States or Canada and are considering changing your ‘second home’ to an ‘investment property,’ you have several factors to consider. Generating rental income from your property can be a great way to earn more income, but there are mortgage, tax and insurance implications, among others,…
Read More
Many Americans and Canadians have significant equity built up in their home, which may feel untouchable. However, a second mortgage makes it possible to tap into the equity. A second mortgage is an additional loan taken out on a property that’s already mortgaged. If you have equity built up, a second mortgage is a great…
Read More
Last updated on August 28, 2021 Before buying a second home, you will likely ask yourself can I afford a second home and, if so, how much second home can I afford? While everyone’s financial circumstances differ, there are certain guidelines to follow in the United States and Canada when preparing to buy a second…
Read More
If you’re looking to buy a vacation home, the most important factor many people will consider is the vacation home mortgage rate. Just like a mortgage on your primary residence, no one wants to pay more interest than necessary. But mortgage rates are typically higher for vacation homes for one good reason – risk. Lenders…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.