Countries that actually refer to themselves in some way as social democracies or democratic socialist nations in their respective constitutions include Bangladesh, India, North Korea, Portugal, Sri Lanka and Tanzania.
Second Home. To qualify as a second home, the property typically must be at least 50 miles from the primary residence, and it cannot appear that the real estate is being purchased for rental investment purposes. Investment Property. A property that is not occupied by the owner and is typically utilized for rental income purposes.
Equity is the difference between what you owe on your first mortgage and the value of your home. You may have to have your home appraised for a fee to determine this, so get a good estimate beforehand. You can look at comparable home sales in your area on sites like Zillow to get an idea of your home's worth.