Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

From larger down payments to ongoing maintenance and insurance, the cost of owning a second home can be higher than many ...

If something happens with the borrower's financial situation, the borrower is more likely to prioritize paying the mortgage on their primary residence than their second home. How to qualify for a ...

Mortgage insurance and homeowners insurance do not qualify, however. Can you deduct mortgage interest on a second home? You can deduct interest on a second home as long as the mortgage on your ...

A silent second mortgage will also be required for ... However, some programs can help, provided that you qualify, including VA home loans, USDA loans, and local down payment assistance loans.

If you're a homeowner looking for a way to tap into your home's value and borrow money, a home equity loan might seem like an ...

If you're a homeowner who falls into one or more of the following three categories, then a $100,000 home equity loan could be available for you now: There's a misconception that home equity is only ...

The loan must be secured by your primary or second home and adhere to specific eligibility criteria as well. Here are some popular home improvements that may qualify for the deduction. Upgrading ...

Remember also that loan options for second homes are different than those for your primary residence. You’ll generally need a credit score of 680 or higher to qualify, and you’ll have to put ...

They come with a second monthly payment ... You'll need stable income and a manageable debt-to-income ratio to qualify for a home equity loan. Usually, this is a 43% DTI or below, meaning your ...

you’re free to use it as a second home and even rent out the space. A VA loan is a mortgage backed by the Veterans Administration and available to qualifying servicemembers, veterans ...