When you are looking to finance a second or vacation home, there are things to keep in mind. You should consider the following: You need a minimum of 10% down payment, it is better if you can put 20% down as you can avoid mortgage insurance. The location of the home needs to make sense. There is not a rule that says the home has to be a certain amount of miles from your primary residence, but, it has to make sense that it is a second, or vacation, home. For instance, in Arizona, if you own a home in...
