Think Before You Take the Vacation Home Plunge!
Dolores Kong

On vacation and tempted to buy a second home or time
share by the beach or mountains? You'll want to
consider the personal finance and lifestyle
implications before you take the plunge. A mortgage
for a second home is traditionally at a higher rate
than for a primary residence, and insurance on it
can be higher. And taxes can be complicated. If
you're thinking about going the time share route, be
sure you're willing to commit to this kind of
vacation every year, and be aware you may have
difficulty reselling. For more information about
personal finance implications, go to and search for "second home" or go