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Take a break: Consider buying a vacation home

Posted on Monday, September 17, 2012 at 9:58:15 PM

Are you a fan of traveling to a private residence and spending a week relaxing with all of your creature comforts? If so, you might be the ideal candidate for owning a vacation home. While renting a vacation home has many perks, like not having to pay property taxes or investing effort and money in property upkeep, there are also drawbacks.

Rental vacation homes are often outfitted with cheap furniture, meaning you're often left in a space that hasn't seen a great deal of tender love and care in a while and you're competing for time at the location. By using residential financing to purchase a vacation home, you are guaranteed a place to stay whenever you feel like taking a trip to the property, and the house is left in the condition you left it in.

There are plenty of grand places to consider as a location for a vacation home. In addition, current low-interest mortgage rates available from Home Loan Investment Bank could make the property affordable.ADNFCR-16001052-ID-800864400-ADNFCR