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Mortgage Professor about vacation home: 
What Is a "Primary" Residence?
January 8, 2001, revised May 6, 2004 "I understand that lenders penalize you if the house you buy is not your primary residence. My wife's job provides us with an apartment. We want to buy a home to live in on weekends and when we retire. If we will be living in the ... more...

What Mortgage Market Niche Are You In?
October 19, 2002 "I recently found what appeared to be the best deal on a 30-year fixed-rate mortgage from ads in the newspaper, but when I told the loan officer exactly what I needed, the price rose and the amount I could ... more...

vacation home related definitions

Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more...

Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more...

More about vacation home

Get Free vacation home Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

How To Avoid Getting Scammed
Listed below are some of the most popular and common scams:1. Nigerian Letter Scam:This one's been around for many years but continues to flourish. Many of these e-mails claim to be from a person in Africa, usually Nigeria. The writer claims to have access to millions of dollars, either from a ... more...

How to Plan a Cheap Vacation in the Bahamas
A trip to the Bahamas does not have to also mean a trip to a loan officer. The beautiful islands offer vacations for every budget. Even those with little to spare can make their way to the white and pink beaches by finding a cheap Bahamas vacation online. Websites such as Priceline and Hotwire ... more...

Real Estate Investment - When, What and Where?
Like economy and stock market, real estate often runs in cycles of approximately 7-10 years. The value of real estate often goes up for a few years, tops out, keeps flat or goes down for 2-3 years. The availability of low interest rate mortgage and recovery of economy will eventually jump-start a ... more...

Home Equity Loans - Are They Right For You?
The bills are out of control and you need a new car. Maybe we can get a new carpet and paint the house, you say to yourself. These are just a few reasons why home equity loans can seem like the solution to all your problems and are so popular.Home equity loans can be a fantastic way to start your ... more...

Where are Florida Condominiums for Sale or Rent?
Florida Condominiums for SaleSearching for Florida condominiums for sale? Are you looking for that relaxing, soothing beachside resort or is your preference luxury condominiums near the theme parks and attractions of the central Florida area? Or do you prefer family friendly Florida condominiums ... more...

FTC Names Dirty Dozen Email Scams
The Federal Trade Commission is responsible for issuing and enforcing rules for consumer issues on the Internet. As part of this process, the FTC has published a list of the 12 scams you are most likely to receive as email.The Dirty Dozen ScamsThe "dirty dozen" are:1. Business opportunitiesThese ... more...

Popular Business Misconceptions Cost You Money!
Faulty information costs you money! Which of these popular business misconceptions do you believe?Popular Misconception #1: "We Only Need Our Books Done Once A Year For Tax Purposes." Are Your Accounting Records Adequate To Run Your Business?Although it is important to keep records for tax ... more...

Home Equity Loan Considerations
In other words, the benefit of the loan must outlast the loan period. Taking a loan for financing that elusive vacation is a strict no-no. Moreover, home equity loans must also never be taken for day-to-day expenditures. This option should be saved for emergency needs only.When applying for a home ... more...

How to Compare Homeowner Loan Offers
From time to time, everyone finds themselves needing money. The money might be needed for home improvements, debt consolidation, vacation planning, or a variety of other reasons all that really matters is how you plan to get the money that you need.Often it will help for you to compare homeowner ... more...

A Personal Loan And Your Rights
You can use a personal loan for many different things including, but not limited to, paying off bills, taking a vacation, buying a car and much more. Interest rates on a personal loan will vary, depending on your credit rating and the institution you are choosing to get your personal loan from. It ... more...

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