First Time Investor Questions
I have found a cottage on a lake that would be a great investment property/second home. My question is what is the best way to finance the deal? I could get a mortgage or home equity loan but don't know which is better or if there is something else I can do.
Thanks, for any help you can give and what a great forum you have![ Edited by chublinkasavant on Date 04/29/2004 ]
you best bet would be a second home loan. The rate is comparable to an owner-occupied.
Lori
[addsig]
Thank you very much, that is what I intend to do.