Mortgages for short term rentals and Highlands vacation homes often go together. Knowing how much you intend to rent a property is important when applying for a loan. This amount of time you will rent a home can mean the difference between a second home mortgage and an investment property mortgage. Evaluating your intentions with a home is important. Sit down with your Highlands REALTOR and discuss your options.
A REALTOR will know loan details specific to the Highlands area and will also be able to recommend a reputable local lender who can help you with the mortgage process. One of the biggest deciding factors in choosing which type of loan works best can be the income you are expecting to make. In addition you should know how much time you plan to spend in the home.
Contact me, Lynn Kimball, today for more information related to real estate in Highlands NC. I welcome the opportunity to help you get to know the area and the market. Let my knowledge and experience serve as your guide to Highlands vacation homes.
Click here to read “How to Finance a Vacation Home That’s Also a Short-Term Rental” from The Wall Street Journal.