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Mary Alice Ruppert
Licensed Associate Real Estate Broker, Career and Business Development Leader
REALTOR®, ABR, AHWD, C2EX, CRB, ePro, GRI, SFR, SRES
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Posts from September 8th, 2020

Live, Love, Long Island Blog

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September 8th, 2020 by

Vacation Home Pros & Cons - Coach Realtors

Like many people, you've probably dreamt of owning a vacation property. But is 2020 the right year to take the plunge on a second home? After all, mortgage rates are at a historical low. But this is a time of economic uncertainty. And we don't know when the economy will fully recover from the impact of the COVID-19 pandemic. There's a lot to consider before you invest, which is why Our REALTORS® give you this rundown of the pros and cons of buying a vacation home in 2020.

  • Pro: Mortgage Interest Rates Are Hitting Record Lows
    If you have the income stability, buying a vacation home in 2020 may make a lot of sense. Mortgage interest rates at a historical low and it's predicted that this will continue into 2021. According to Freddie Mac, the average interest rates in August 2020 dropped below 3% for the first time ever.

    Click Here to Read More...

Categories: Buy a home
Tags: For Buyers, Howard Hanna Coach Realtors, Buy a House, Homebuying tips
Mary Alice Ruppert
Mary Alice Ruppert Office: (631) 581-7979 ext. 102 Cell: (631) 424-4639 Fax: (631) 581-3080 Voice Mail: (631) 581-7979 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/27/2026. The listing information on this page last changed on 03/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/27/2026 1:13:36 AM EST) or OneKey MLS (last updated Fri 03/27/2026 1:10:19 AM EST). Real estate listings held by brokerage firms other than Howard Hanna | Coach Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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