8 Ways You Can Afford To Own A Vacation Home


6) Bring On A Partner

You may want to share the cost of owning a vacation home with a friend or family member. Purchasing a vacation home with a partner may make it easier to qualify for a mortgage. Mortgage lenders will include both your and your partner’s credit scores and combined income when reviewing your application for approval. Another advantage of sharing the purchase is that all of the expenses are shared as well. This can remove some of the pressure of taking on a mortgage payment and free up funds for saving.