Ready to buy that ski cabin or lake house? Renting it out while you’re not using it is a great way to make it happen – but not so fast. Lender rules may not allow it, so here’s what you need to know. Loan types and their rules The first step to financing your vacation home is understanding
Dream of owning a vacation home but find the idea of buying one too intimidating? It’s actually easier than you may think. Here’s a guide to help you analyze your options. 1. Match housing choices to your lifestyle Many people assume they must own a primary residence before owning a vacation home, but that’s not necessarily true. What’s
Given the current strength of the dollar abroad and the fast-moving real estate market at home, you may be thinking about buying a second home at your family’s tried-and-true vacation spot, on a sunny beach, or near your favorite ski destination. But what can your budget realistically get you? If what your vacation-home fund allows
You’ve always dreamed of buying that ski cabin or lake house, and you plan to afford it by renting it out when you’re not using it. Good plan, but lender rules don’t allow it. Here’s what you need to know. Loan types and their rules The first step in financing your dream getaway home is to understand
Ever wonder where you should buy a vacation home? That dream location may be closer than you think. To help second-home shoppers find the best city for a seasonal home, we’ve analyzed the places near popular vacation areas to create a Second Home Index. Homes in cities with a high score are expected to see strong home value