How to Prepare When Buying a Vacation Home
A vacation home can be a practical purchase for a home buyer who spends a lot of time vacationing in one favorite area. Some vacation home owners even rent out their cabin or vacation home while they're not there, in order to pay for the second mortgage. However, buying a vacation home and buying a primary home are very different, and the financing for a second mortgage loan is different as well. This is what home buyers need to know.