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Mortgage Professor about vacation home vs. second home: | |||||||||||||||||||||||
Second Mortgage Versus Home Equity Loan
June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... Cash-out Mortgage Refinance or Home Equity Loan? Column Delivered August 21, 2000, Revised September 6, 2002 ?I need $50,000 to remodel my house. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home equity loan.? ... more... |
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vacation home vs. second home related definitions |
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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... |
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More about vacation home vs. second home Second Mortgages and Home Equity Loans Fractional Ownership Vacation Homes - A Smart Investment Second Mortgage - Valuable Tips To Help You Make The Right Decision Vacation Values Bad Credit 2nd Mortgage - Should You Get a Second Mortgage? How to Afford Your Dream Home Home Equity Line vs. Second Mortgage Buying a Vacation & Retirement Home The Benefits of Fractional Ownership in Private Residence Clubs Second Mortgage / Home Equity vs. Refinance
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