What are the interest rates when I finance?
For a second home the rates are comparable to what you will pay for your primary residence. If you plan to use the property only as a rental the interest rate will be about % higher. If you use it yourself and rent occasionally you can probably get by with a second home rate, but it will depend on the lender. Many people start out thinking they will use it only as a second home, but change their minds once they close and decide to rent.
