You’ve dreamed of owning a vacation home and are finally ready to make it a reality. Before researching lenders and applying for a mortgage, it’s worth understanding the pros and cons of these home ...

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers took out 90,772 mortgages for second homes in 2023, down 40% from a year earlier and down 65% from the height of the pandemic housing boom in ...

Mortgage applications for vacation properties plummeted 40% in 2023, according to a Redfin report issued Monday, marking a downturn in a market that once flourished during the pandemic boom. Demand ...

Question: My $1.2 million vacation home has a $360K mortgage. I don't need my upcoming $45,000 RMD. Should I use it to pay ...

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the lowest level in records dating back to 2018 and down 5% from a year earlier, ...

The demand for vacation home mortgages has plunged to around an eight-year low, declining 65% since 2021. Factors that have led to fewer homebuyers purchasing second homes include the rise in mortgage ...

According to new data from Redfin, U.S. mortgage-rate locks for second vacation homes fell 13.1% year over year in August 2024 to the lowest level since March 2016 on a seasonally adjusted basis. By ...

Owning a vacation home can be an enticing prospect. When you shift from tourist to homeowner in a location you love, it’s easier to visit whenever you wish, and the home provides a getaway to create ...

My wife and I recently bought a vacation home. We put down nearly half on the house, but still owe $212,000 on a 30-year mortgage at 6.6%. The monthly payment is $1,626. We rent the condo for $1,560 ...

Explore eight top destinations for affordable vacation homes abroad, from the beaches of Portugal to the vibrant streets of ...

While vacation-home mortgages are declining in Florida, they’re still more common in West Palm Beach than anywhere else. In West Palm Beach, second-home mortgages made up 5.6% of all mortgages in 2024 ...