Risky Mortgages Financing Vacation Home Empires – NMP
Brokers, lenders, and investors are cashing in on the real estate boom in America’s prime vacation spots, such as areas around theme parks, ski resorts, and Gulf of Mexico beaches in Texas and Alabama. Bloomberg reports that vacation rentals are a fast-growing and potentially risky business, especially as the market cools due to climbing interest rates.
Source: nationalmortgageprofessional.com
