Expect a higher interest rate than on a 30 year fixed traditional mortgage loan for a primary residence. Lenders know that you are a homeowner and will be adding to your debt burden. Thus, the lender views you as a riskier loan, the risk factor will cost you a interest rate percentage point or two.
The Wall Street Journal Reports Vacation Homes A Hot Market
So How does the Sunriver Housing Market shape up against the markets above? Well within Sunriver, homes sold in 2009 was 109. Compared with 130 homes sold in 2010, the increase equates to a rise in homes sold of 27%.