Buy a Vacation Home

Four things to know before you buy a vacation home

When you're ready to move past settling down to finally getting away.
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A lot to appreciate

Everyone's idea of the perfect vacation home is different. Whatever yours may be, it helps to research the growth opportunities in the area before buying a second home. Property values in desirable locations can appreciate over time, so that beach house you're looking at could be a valuable long-term asset.

Go with the cash flow

Your vacation home can be a great source of rental income, especially in high-volume vacation spots. Use that income to help pay the mortgage on your little piece of paradise.

Potential tax benefits when you buy a vacation home

You may be able to deduct the interest on the mortgage or home equity line of credit used to buy the home. Talk to a tax advisor for details.

Home and away

Not ready for a permanent vacation? If you're getting the itch, and you have enough equity in your current home, you may want to try financing a vacation home using your current home's equity. See if you're ready to take on a second home mortgage by learning more about our home equity lines of credit.