Thinking about buying a VACATION HOME? Excellent!
Vacation homes can present a number of benefits and advantages, both short and long-term; from having the convenience of your own vacation paradise, to tax deductions, long-term profit (through property value appreciation) to a place for future retirement.
But the notion of vacation home ownership also comes with a few built-in challenges that need to be considered when planning to embark down that path. From more stringent qualification standards to the reality of maintaining 2 households (maintenance, repairs, utilities etc.) the decision to purchase a vacation home is best carried out following careful planning and deliberation.
Please contact one of our experienced Mortgage Consultants to fully explore your loan options if you are considering purchasing a vacation home.