Many retirees and pre-retirees dream of owning a vacation home that they can visit throughout the year. But if you decide to make this move, how should you go about financing a second property? That’s the question one of our listeners, Ted, asked Frank this week.
Should you take out a mortgage on the second home or tap into the equity of your primary residence? Or, could it be smarter to sell some investments and buy the property outright with cash? Listen in as Frank shares some pros and cons of different financing options.
Here’s what we discuss in this episode:
🏠 The pros and cons of borrowing against your current home
💸 Could it be worth selling investments to avoid a mortgage?
📊 Frank’s custom calculator that can help break down the numbers
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