Today’s mortgage market is uncertain, to say the least. Because of this, many investors and second-home buyers are jumping to the conclusion that paying cash is always the best way to finance their investment home.
Paying cash certainly eliminates the risk that comes with rising interest rates and the growing rate of foreclosure. But does it limit the tax benefits of homeownership? And can you really afford to have that much money invested in one asset?
This is the question that was recently posed to columnist June Fletcher in the Real Estate Journal. Read her response and remember that an experienced Realtor is your best resource to help you find a lender who will give you sound, unbiased advice on the best way to finance the purchase of your dream home.
Please click here to begin searching the Ludlow VT MLS. You may also visit my website or email me to learn more about Okemo Mountain real estate. I would love to help you invest in your dream vacation home!