Live Your Dream
A vacation home is more than a place to get away. It’s an investment that’s part of your bigger financial picture, especially if you’re close to retirement and can provide both short- and long-term benefits.
Figure the Costs
Just like your primary residence, there will be taxes, insurance, maintenance and repair costs to consider. Planning for these expenses can help you see how a vacation home fits in your overall budget.
Consider Other Long-Term Goals
If you’re nearing retirement, saving for your children’s education or pursuing other financial goals, it’s important to think about how buying a vacation home fits into your overall financial picture. These kind of considerations can also help determine which loan is right for you.
Know Your Mortgage Options
There are many options for financing a vacation home, including a second mortgage or using the equity in your primary residence to help finance all or part of the vacation home purchase. Talk to a PNC Mortgage loan officer today to find the right solutions for your situation.