Blog: Wicker Home & Patio Furniture

Ideas to create the perfect retreat indoors or out using wicker

  • Home
  • Features
    • Industry Terms
    • Patio and Yard
    • Sunrooms
    • Wicker Furnishings
  • Commentary
  • News
  • Shop Now
How Renting Out Your Vacation Home Can Land You in Hot Water

How Renting Out Your Vacation Home Can Land You in Hot Water

Last Modified November 28, 2016 By Staff Writer

Vacation homes, we all love them. When it’s time to get away from the hustle and bustle what’s better than having than home away from home already waiting for you? When you’re not using them they can even provide some extra income by renting them out to those who don’t have their own ready and waiting. Unfortunately from time to time one can easily run into some legal issues. Particularly sticky issues when you are trying to actually pay for the vacation home by renting it out. Read this article and learn the basics of financial traps that await you!

Key Takeaways:

  • The first step in financing your dream getaway home is to understand the different mortgages available
  • The best thing about a second home mortgage is that the rates are the same as a primary residence mortgage
  • When you get a loan, there is a document called the Note, which spells out loan amount, rate, payments, and fixed versus adjustable periods of your loan

“The best thing about a second home mortgage is that the rates are the same as a primary residence mortgage. The worst thing is that you can’t rent the home.”

http://www.zillow.com/blog/renting-out-your-vacation-home-204821/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

Related posts:

  1. How to Ease Back Into Real Life After Vacation (9 photos)
  2. Orchid Water Requirements: How Much Water Do Orchids Need
  3. Green Onion Plants In Water: Tips On Growing Green Onions In Water
  4. You Live in a Hot Market … Should You Buy or Sell?
  5. 4 Things to Know About Buying a ‘For Sale by Owner’ Home

Filed Under: Commentary

  • Facebook
  • Pinterest
  • Twitter

MOST POPULAR

Painter General Contractor

Selecting a General Contractor

Home with green grass

Home Improvement Projects That Add Value

Farmers Basket Cart w/Plant

Decorative Indoor Wicker Planters

Indoor Wicker Lamps

Why Texture is Key in Interior Design

About · Contact Us · Privacy Policy · Terms of Use · Shop Now
Copyright © 2023 · Wicker Home & Patio Furniture