The Pros and Cons of Buying a Second Home to Rent

Home Mortgage Tips , ,
With the ever-fluctuating cost of housing, buying real estate can be one of the best investments a person can make. However, a lot of important factors can be left out of the final decision when it comes to purchasing a home as rental property. If you are taking the initial steps to invest in a second home, here are some important things to consider before you make the financial commitment. The Distance To A Destination Many people who purchase second homes to rent out choose to buy in places that are sought after, whether it's a trendy area or beachfront…
Read More

Three Tips To Get The Best Financing On Your Second Home Purchase

Home Buyer Tips , ,
Are you buying a property as your second home? Perhaps you are looking for a small cottage or apartment where you can escape to for your vacations, or maybe you want to have another home closer to your relatives? Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can present a challenge. Generally, a mortgage lender will have tougher standards for vacation home -- or second home -- loans…
Read More