Upcoming Investments

Upcoming Investments

Second Homes vs Investment Properties: Mortgage Terms and Tax Rules

A second home is a one-unit property that you intend to live in for at least part of the year or visit on a regular basis. Investment properties are typically purchased for generating rental income and are occupied by tenants for the majority of the year. There are significant differences in the costs and loan qualifying requirements between a second home and an investment property which you should understand before buying another house. What is a second home? A second home is a property you purchase in addition to your...
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