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How To Buy A Vacation Home. The dream of owning a vacation home. But be aware of the tax implications.
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At the end of a weeklong summer vacation, i look out across the water in front of my vacation home and see the sun setting over the mountains. Purchasing a vacation property often requires a substantial down payment because financial institutions tend to be stricter with lending money for those types of purchases. Take out a loan or purchase it outright.
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A fairly new lender but home to resources and experts that can help you finance the construction of your second home. I can picture it now. But you should be aware of all that can go into buying and owning one. As you begin your search for a vacation home, carefully consider your goals and needs.