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 ]

Comments(2)

  • tinman17553rd May, 2004

    you best bet would be a second home loan. The rate is comparable to an owner-occupied.


    Lori
    [addsig]

  • chublinkasavant3rd May, 2004

    Thank you very much, that is what I intend to do.

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