Another factor to keep in mind is that recreational property hasn't benefited from low interest rates as
much as primary residences.
But a second home or vacation property needs protection just as
much as your primary residence because you're likely not to be home as often or you may be renting it out to guests.
Not exact matches
I probably won't pay off my
primary residence within five years because I need
as much cash
as possible to buy our future dream
residence in Hawaii.
Would it hurt too
much to take equity out of either of your other SF rentals (into a 5/1 ARM
as others have suggested) or
primary residence and rid yourself of the 4.25 % Tahoe headache?
But second and vacation homes need just
as much — if not more — insurance than
primary residences, since they will likely be vacant more often or have more rental guests.
But did you know that your secondary home should have just
as much, if not more, protection than your
primary residence?
Pay off your
primary residence first, all day every day, then open a HELOC for
as much as you can get (not pitching HELOCs, I very rarely do them, and mostly refer them out to other lenders in the Bay Area that do them).
@James Robinson You will allocate a % of your
primary residence that is being used
as a rental
much like you do a home office.