Buying a vacation home with bad credit?
Traveler Financial provides access to vacation home mortgages for borrowers with bad credit. Whether you are looking to purchase a private retreat or to utilize a vacation home as a source of rental income, a second home mortgage or line of credit on your primary residence makes your real estate investment possible.
When applying for vacation home financing, your debt-to-income ratio is a factor for loan qualification. Borrowers with bad credit can offset this ratio if the vacation property to be purchased has rental income potential. It is wise to buy a second home in a desirable location with convenient transportation options for potential renters. Vacation homes with a proven track record of rental income can also speed up the loan preapproval process.
Are you ready to invest in a vacation home? Get preapproved for a bad credit vacation home loan today with assistance from Traveler Financial.