Post your questions Debt Problems Credit Counseling Collection Agencies Payday Loan Help Credit Repair Pub Debt Consolidation Forums Forums Getting a loan or mortgage and avoid foreclosure Can I take out a mortgage loan for a vacation rental if I'm paying back a home mortgage loan? Can I take out a mortgage loan for a vacation rental if I'm paying back a home mortgage loan? Date: Wed, 04/11/2018 - 00:28 Submitted by Davidmunro on Wed, 04/11/2018 - 00:28 Posts: Credits: [Donate] Can I take out a mortgage loan for a vacation rental if I'm already having a mortgage loan for my house? If yes, do I have to pay a higher rate of interest? Total Replies: 4 Yes, you can take out a Yes, you can take out a second mortgage for a vacation rental. It usually carries a higher interest than the first mortgage. DeleteEdit Submitted by SC on Fri, 04/13/2018 - 01:16 SC ( Posts: 3937 | Credits: ) Yes, you can take out such a Yes, you can take out such a mortgage loan. Do market research so that you can take out the loan at the best suitable terms and conditions. DeleteEdit Submitted by Good Nelly on Fri, 04/13/2018 - 06:14 Good Nelly ( Posts: 2846 | Credits: ) Yes, taking a mortgage is Yes, taking a mortgage is beneficial because the mortgage interest is tax deductible. DeleteEdit Submitted by Sanders Patricia on Fri, 04/13/2018 - 06:00 Sanders Patricia ( Posts: 1241 | Credits: ) Definitely yes....the Definitely yes....the interest rate on the mortgage for vacation home will be much higher than the first conventional one. DeleteEdit Submitted by Barbara Delinsky on Mon, 04/16/2018 - 04:21 Barbara Delinsky ( Posts: 433 | Credits: ) Add new comment Your name Subject Comment About text formats Text format Filtered HTMLRestricted HTML Restricted HTML Web page addresses and email addresses turn into links automatically.