You take your family to the same quaint rental cottage on the beach for two weeks every summer. Wouldn't it be great to have a place to call your own? With mortgage rates still relatively low, this is the perfect time to buy a vacation home, right? Not necessarily. There are a few things you need to consider first.
One is that financing will be a little tougher for a second home than for a first home. Since many banks believe there is a greater risk of a borrower's defaulting on a vacation home, mortgage rates can be higher than they...
To continue reading:
or
Log-In
