North America’s vacation property resource
North America’s vacation property resource
Explore various articles covering the topic of vacation home financing, including how to guides, tips and more.
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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Buying a vacation property or “second home” that will be your primary residence is a great way to get comfortable with your new home before moving in full-time. Whether you will be using the property on weekends or as a seasonal residence, you will be able to familiarize yourself with your new home while you…
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Debt-to-Income Ratio for a Second Home If you’re thinking about taking out a mortgage for an additional property, whether through a HELOC, second mortgage or other second home financing, lenders in the United States and Canada will look closely at your debt-to-income ratio for a second home. In this guide, we’ll look closer at debt-to-income…
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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…
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If you’ve always dreamt of owning a vacation home in the United States or Canada, now is a great time to consider it. With interest rates down and values continually rising, it’s a great way to invest your money and have the luxury of owning a second home. You have more options than most people…
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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.