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]There's IRS rules about vacation homes, I think you can only use it for like 2 weeks a year. Consult a tax professional on that. Consider that if you don't pay the mortgage, you lose the beach house, not your primary residence. There are tax advantages, though, to taking out a HELOC on your primary residence. I assume though that the numbers are such that you could just sell the mortgaged house should you get into trouble with paying off your mortgage. [/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
