Many are tempted, but fewer have good ideas starting out how to Maintain two Homes Efficiently. If you’ve ever been tempted to own a second home there are considerations to remember that can help you own and maintain two properties. Before You Buy If you are looking for a second home to purchase and need to buy on a budget, remember that government-backed mortgages such as FHA loans, USDA mortgages, and VA home loans all require that the property you are purchasing be your primary residence. You will be required to certify that the new-to-you property you are purchasing with the new loan is going to be your home address. Government-backed loans are not approved for occasional occupancy properties including vacation homes, timeshares, etc. Conventional mortgages don’t necessarily carry these same requirements, but you’ll want to research the type of mortgage you are eligible for depending on the nature of your new purchase. Day-to-Day ...

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