Whether it’s nestled between mountains, overlooking white sands along the beach or simply out in the middle of nowhere, a vacation home can be a great way to get away from the doldrums of your everyday routine. As with most real estate properties, a mortgage is usually used to finance vacation property purchases. These mortgages function much the same as any other type of real estate financing, though there are a few key points to consider. The nature of investing in a second property can have a tremendous impact on how you go about obtaining financing, and it could be more difficult to qualify for favorable rates. Here, we’ll go over a few of the main factors you’ll need to be aware of when purchasing a vacation home. Debt-to-Income Ratio Among the differences between getting a mortgage for a vacation home and a traditional mortgage is the impact it will have on your debt-to-income ratio. This ratio is, put simply, the amount of debt you have compared to how much income you ma