Financing Your Vacation Home In San Diego

For those of you that cannot call San Diego home... the next best thing is financing yourself a second home, which, because we are a destination location is relatively easy to justify to an underwriter which means a great rate of interest for you.

A second home unlike an investment property has the same financing terms as your primary residence so interest rates are still incredibly low - currently below 5%... couple that with the unfortunate fact that median home prices have fallen around 40% since their highs, and we're talking serious opportunity.

There are a couple of things you should be aware of, namely the distance between your current residence and second home should be far enough away to be able to truly call it a vacation property.

OR... happen to do a lot of business in San Diego, then perhaps it is time to buy another home to save in travel expenses. A second home used as a place of dwelling while conducting business is perfectly acceptable.

Not every community has the priviledge of being able to call itself a desination location - and our stretch of coastline, and the desert recreation offered inland do justify vacation properties throughout our County.

I hope all readers familiar with our area share some of their favorite moments spent relaxing in some of the best weather in the Country right here in San Diego County. I hope your comments will provide possible home buyers different areas they may want to consider and the reasons why.

With so many incredible communities scattered throughout the County, I cannot and will not do justice all by myself, so I have delegated this responsibility to you my friends to take up in the comment section of this post. Have fun with it.