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
There comes a time in many homeowners’ lives when it’s just time to move on to the next home. Maybe it’s because of a job change, the arrival of a kid (or more kids), a marriage or divorce, or you just don’t like where you live anymore. Many millennial homeowners – who represent half of all home
There comes a time in many homeowners’ lives when it’s just time to move on to the next home. Maybe it’s because of a job change, the arrival of a kid (or more kids), a marriage or divorce, or you just don’t like where you live anymore. Many millennial homeowners – who represent half of all home
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
Planning to leave the workplace sometime in the next five to 10 years? Buying your retirement home now can pay off big in the long term, particularly if you’re going to get a mortgage. By making your move ASAP, you’ll be able to capitalize on today’s record-low interest rates. Earlier this month, rates on 30-year