Renting out your second home. Collecting rent money can be a smart way to subsidize your vacation property. However, there ...

Homeowners should carefully review their options before using their existing equity to buy a second home. Getty Images/iStockphoto American homeowners are sitting on a significant sum of equity.

Second homes differ in financing, taxes, and expenses, so planning ahead and understanding regulations is key to a smart investment. How To Buy a Second Home: Financing, Taxes, and More Skip to ...

The average retirement account balance for Americans in their early 50s is about $313,000. If you’re 52 with $2.1 million ...

Now at just 8.04% for qualified borrowers, HELOCs are less expensive than home equity loans, credit cards and personal loans.And unlike cash-out refinancing options, a HELOC won't require you to ...

Plus, in my case, it was much cheaper to buy a second home. Even though it was still 20% down, it was 20% down on $350,000 versus 20% down on $1.7 million. That's $70,000 down instead of $340,000.

Should I buy a second home with my partner? I'm 31, locked in a great mortgage rate of 4.75 % when I bought my home 2 years ago, paying $1,000/month, all-in.

You should know the requirements before applying for a cash-out refinance to buy a second home. They vary by lender, but there are some general guidelines to remember. Credit Score Requirement ...

The decision to buy a home isn’t only about finances, and owning isn’t right for everyone who can afford it. It’s about the kind of life you want to live.

But a much smaller subset should consider buying a second home. A second home might make sense if: You’re devoted to the same vacation spot. If you find yourself going back to the same beach, ...