While mortgage interest rates for 30-year loans were north of 7% at the start of the year, they’ve been slowly easing down. With interest rates trending lower, you might be wondering if now’s the right time to scoop up a vacation home.
A second home can be more than just a weekend retreat. It can double as an investment property that earns income and appreciates over time. But if you’re not careful, that dream getaway could quickly turn into a financial headache.
