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What Is a "Primary" Residence?
January 8, 2001, revised May 6, 2004 "I understand that lenders penalize you if the house you buy is not your primary residence. My wife's job provides us with an apartment. We want to buy a home to live in on weekends and when we retire. If we will be living in the ... more...

What Mortgage Market Niche Are You In?
October 19, 2002 "I recently found what appeared to be the best deal on a 30-year fixed-rate mortgage from ads in the newspaper, but when I told the loan officer exactly what I needed, the price rose and the amount I could ... more...

vacation home related definitions

Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more...

Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more...

More about vacation home

A Home Equity Loan - What You Should Know?
Asking yourself, Is a home equity loan right for me? is the first and most important step to take.Home equity loans have become so popular today because of increasing home values. A home owner can access money for consolidating debt, home improvements, a new car, education or starting a new ... more...

Be Prepared to Travel & Enjoy Your Vacation!
Traveling requires advanced planning and these easy to follow travel tips can make any trip more enjoyable. Being prepared can help travelers avoid many frustrating situations. Have a smart plan when flying, plan your packing, and have a home security plan.With todays busy airports and increased ... more...

Condo Hotel Trends - A Look at the Big Picture in Vacation Home Ownership
Condo hotels are one of the hottest products in todays real estate market. New properties are cropping up in different parts of the country and new buyers are entering the market daily. Things have been moving so quickly in terms of condo hotels, but sometimes it's worth taking a moment to step ... more...

The Benefits of Fractional Ownership in Private Residence Clubs
A New Way to Own a Vacation Home - For the Select Few: Fractional ownership of vacation homes, also called private residence clubs, is a relatively new concept that allows you to enjoy four to 12 weeks of home ownership privileges per year at an upscale, luxury resort but at a fraction of the cost ... more...

Debt Elimination 2
The First Step To Debt EliminationRegardless of your personal and financial circumstances, your education and your background, the chances are the first step you need to take in debt elimination has to take place in your mind. The Western mindset, especially in the US and UK, is firmly fixed on ... more...

Tame The Financial Beast
Are holiday bills surprising you? Are you hoping that if you ignore your finances long enough, maybe they will fix themselves?Let's liken our finances to a garden. If we neglect the garden, weeds will grow and take over. The garden gets so bad we don't even want to look at it! But, with a little ... more...

House Sitters Are Coming to the Rescue of Many Travellers
Everyone seems to have accepted the fact that the days of leaving your door unlocked are over. The rise of crime is affecting everyone, not just those who live in the larger cities. In fact, homes in rural areas are being targeted like never before--due to the opportunity a secluded area provides ... more...

UK Loans Guide - Channelising Your Rising Budget in a Productive Mmanner
Every unknown road needs a milestone to configure where it leads. Every loan type in UK requires a guide to steer through the loans market. The vastness of loans in UK is exhaustive. Loan borrowing in UK is growing by the day. Loan process has been considerably simplified leading to opening of new ... more...

Home Equity Loans - Are They Right For You?
The bills are out of control and you need a new car. Maybe we can get a new carpet and paint the house, you say to yourself. These are just a few reasons why home equity loans can seem like the solution to all your problems and are so popular.Home equity loans can be a fantastic way to start your ... more...

Pre Construction Investment Real Estate - Pros and Cons
Many people have been asking me Mark, why would I buy a brand new pre construction investment condo when I can buy an older one and fix it up and sell it? This is a good question. Some people do very well buying old fixer uppers and throwing in some new carpet and new paint and making a few bucks ... more...

Buying a Vacation & Retirement Home
Buying a vacation home that doubles as a future retirement home requires forethought and thorough investigation. Conventional wisdom tells us to first settle on a desired location and then look for the least expensive house in the best possible neighborhood. This is of course true, but buying a ... more...

Hard Money Lenders -- "No Money Down" The Easy Way
Would it help you as a real estate investor to be able to "Close For Cash in Days," even if you're tapped out financially?Hard money lenders are perhaps the best way to get 100% financing with easy qualifying, money for fix- up, and fast closings.So what can hard money lenders do for you? Hard ... more...

House Sitters Love Their Life
There does not seem to be a lack of home owners who seek out the services of a house sitter. Our modern age has drastically changed the lifestyle of many. With business travel, military assignments and even some families owning more than one home, house sitters never have to fear being without a ... more...

Halifax Loans If You Haven't Stumbled on Best Loans Yet
The origin of Halifax loans can be traced back to 1852 when a group met in Old Fax Inn in Halifax to discuss the founding of an investment society. Halifax, now, is a name associated with the competitive rates on personal loans, mortgage, credit card, home insurance. Halifax is a part of Halifax ... more...

Things To Consider Before Buying a Condo Hotel or Resort Residence
Resort home ownership, such as condo hotels and fractional shares is different from typical home ownership. So it is important to ask certain questions before signing the purchase agreement on a resort property. The following list of questions typically applies to most types of resort property ... more...

Creative Real Estate Financing
Do the creative real estate financing techniques you hear about really work? Yes and no. They likely have all worked somewhere for someone at least once. The important point is to understand the principles involved, so you can find your own creative ways to invest in real estate. Here are ten ... more...

Real Estate: A Strong Investment
Description: Even in uncertain economic times like these, history shows that real estate is one of the soundest investments a family can make. Also remember that the stock market is not the only place where people can make their fortunes. And also, youll hardly ever hear of real-estate investors ... more...

Loans for Doctors Financial Funding for Healthcare Professionals
The revolution that has affected everyones financing technique is online loan borrowing. A very remarkable outcome of this loan borrowing is loans for doctors. Loans for doctors are unique programme to help doctors worldwide to overcome financial impediment and become homeowners or expand their ... more...

Writing Query Letters that Count -- Close the Deal with Your First Letter!
Your query letter can be a deal maker or a deal breaker. So, if your query letter just lies there, you've killed the sale immediately or your story or novel immediately. If you want that story -- your baby -- to be read, reach out of that query letter, grab the publisher, editor or literary agent ... more...


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