Financing a vacation property is lot easier than you think!
A vacation property is an investment for a consistent vacation that eventually gives back. It gives you and your family/friends a nice getaway destination that you’re comfortable and familiar with. While you’re not using your vacation property, you could be using it for income! This would alleviate a lot of the financial burden with taking on a new mortgage.
It will undoubtedly increase in value being located in a vacation destination area, while also gaining equity as mortgage payments are made. With that being said, buying a vacation property should be a carefully thought out decision. I can give you an idea of what’s affordable according to your income and budget. If this is something you’ve been considering, don’t hesitate to reach out for assistance!