[masraum]

We currently rent an apt in town. We are considering getting back into home ownership. We are considering buying a home outside of town that we might use on the weekends or rent out periodically instead of getting something as a primary residence. Or I may start working from home permanently and we might live there. If we bought as a secondary, then we would likely eventually also be purchasing a primary residence.

We know that having a secondary/vacation will change your debt to income ratio which would affect getting a loan for primary residence.

We would like to know the various financial implications and pros/cons for the primary residence vs secondary/vacation residence mortgages and getting one before the other.