Vacation/Second Homes
BUY NOW - RETIRE LATER!

Now is the time to buy your retirement/vacation/second home. If you're hoping to retire to a warmer climate, now is a great time to purchase your retirement home. And from now until whenever you retire, consider it your vacation/second home. First Choice is now licensed in Florida and we have a full roster of professionals to assist you with every step in this process, from finding a realtor to finding the right financing solution for your particular situation. Many people dream of retiring near golf and/or beach resorts. First Choice Mortgage is now licensed to handle mortgages for Florida purchases.

If you're more of a rustic, cold-weather person, First Choice can assist you with property purchases in Vermont, Maine, New York and Massachusetts. If you're considering a ski chalet in Vermont, a cabin in the Adirondacks woods or a cottage on Cape Cod, we can counsel you and find the right mortgage to suit your needs.

Every 8 seconds a baby boomer turns 50. Many of these "boomers" are making the smart decision to buy their retirement home now. By the time they actually retire and sell their primary residence, they'll have paid quite a large amount on their 2nd home mortgage. And their family will enjoy the advantages of having a vacation home as part of their pre-retirement lifestyle.

Why buy now?

The most important reason people consider owning a second home (or vacation home) is for the pure enjoyment it brings to you and your family. Your second home should be a place for fun, relaxation and quality family time.

Of course, you will probably want your second home purchase to be a sound investment as well. Typically, real estate values are quite stable and therefore a good choice in diversifying a portion of your investment portfolio. Depending on the geographic area you consider, vacation home property values are relatively low compared to where they are expected to be when the Baby Boomers begin to retire. So this tangible asset should appreciate over time while providing wonderful vacation time for you and your family. You may even consider renting your vacation home when you're not using it. This can provide a good cash source which can help defray your mortgage costs. And finally, there are decided tax deductions for mortgage interest for a second home purchase just like your primary residence.

We can help you get started now on your second home purchase. Why wait 10 years when 73 million Baby Boomers start retiring surely driving up prices? The equity in your primary residence can help you purchase your vacation home.

How do I get started?

You probably have sizable equity in your existing home. Refinance and take some of that valuable equity and convert it into a down payment on your second home in Florida. We'll show you how easy it is, and can even show you how to generate a positive cash flow on your second home by renting it for at least half of the year. Enjoy impressive tax advantages, and let your vacationing renters cover your mortgage costs.

Call First Choice Mortgage at (800) 685-4620 and we'll help you with the entire process.