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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A huge thank you to everyone who joined us! We’re so grateful for our amazing clients and the joy you bring to every gathering.
What a wonderful day together! We had so much fun celebrating with such an incredible group of clients.
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Thank you for making this day so memorable! We had a blast and hope you did too.
It’s always a pleasure connecting outside the office. Thank you for making this such a fun and memorable event!
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We had such a wonderful time together! Thank you for making the day full of laughter and great memories.
What is a Roth IRA conversion? A Roth IRA conversion is the process of moving IRA or employer plan assets to a Roth IRA.
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