Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Buying vacation house: better to get mortgage for 2nd home, or take home equity loan on primary res?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Hi, wonder if anyone has been through this... we are thinking seriously of buying a beach house, after years renting every summer. The idea would be to buy a house, rent it out for a couple of months each summer, and use it ourselves for a month or so. We're trying to figure out how best to finance this. We own our own primary residence with no mortgage, and could probably rummage up the cash for about 20-25% of the purchase price for the beach house. From a tax perspective, is it better to get a mortgage to buy the beach house? Or is it better to get a home equity loan on our primary residence, and use that loan to buy the beach house? [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
