Here's A Vacation Home Loan With Affordability And Stability For California Homes

Mortgage and Lending with Guarantee Mortgage NMLS#386911 DBO #1850

The last thing you want to worry about when you own a vacation home in California is the loan you have on it. You own a vacation home because you want a place to relax, not to add stress.


As I was sitting at my desk looking at the terms of this loan, I thought "this is perfect for vacation homes".

The rate on this loan is fixed for the first fifteen years. Fifteen years is a long time to hold a loan - wouldn't you agree? You can own that vacation home for 15 years and not worry about the interest rate changing! This part of the loan is what provides the stability.

Now for the affordability - the payments are interest-only for the first fifteen years. Most people don't realize that if you pay principal on an interest-only loan, the payment is less the next month! You do have this option.A vacation home loan with a rate that is fixed and with a payment that can decrease - grab the sunscreen and the blender, does it get any better?


This loan is for all types of vacation homes, small and large. You can finance that condo in Palm Springs, or the estate home in Lake Tahoe. The maximum loan amount is $5 million.

What happens with this loan after fifteen years, you ask? Well, it adjusts once. Then the rate is fixed, and you pay principal and interest for twenty five years. Remember, the payment will be based on the balance at the time of change. So if you have paid any principal down on your vacation home loan, the new payment will be based on the reduced balance!

This loan for vacation homes in California is available to purchase and refinance. You can even take cash-out, you just can't borrow as much of the property's value. 

vacation home

To me, I picture a vacation home as a place to relax. One of the goals my wife and I have is to be able to buy a vacation home for ourselves and seven children some day. You can bet I will get a loan like this - long term stability with affordability!

Contact Me For A Vacation Home Loan Rate Quote

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Phil Caulfield NMLS #386911 APMC #1850 has been helping people obtain mortgages since 1985. The views, articles, postings, and information listed at this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation."

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Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Oh, Cute picture.....something my 19 year old would do.....!

Dec 15, 2009 02:31 AM #1
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Phil Caulfield

I Get The Loans Done That The Big Banks Don't!
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