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
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?
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.
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.
Yes, taking a mortgage is
Yes, taking a mortgage is beneficial because the mortgage interest is tax deductible.
Submitted by Sanders Patricia on Fri, 04/13/2018 - 06:00
( 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.