Should I Finance a Second Home for Investment Purposes with a Fixed or Adjustable Rate Mortgage?

A recent survey done by the National Association of Realtors (NAR) demonstrated that the second home market is much larger than anyone suspected. In fact 36 percent of all homes purchased last year were second homes. Even more surprising 23 percent of those were investment homes, while only 13 percent were vacation homes. However, many of those that own vacation homes also have investment property and