Buying A Second Primary Residence -

Must be occupied for the majority of the year.

Usually deductible up to a $10,000 total limit (SALT). buying a second primary residence

Hire a local property manager or landscaping service. Must be occupied for the majority of the year

Prove you can cover both mortgages for 6 months. Mortgage Classifications buying a second primary residence

Second homes often require higher "hazard" or flood coverage.

Only your main home qualifies for the $250k/$500k exclusion. Strategic Steps to Purchase

Lenders categorize homes based on your intent. This affects your interest rate: Must be lived in for part of the year.