Buying Your Second Home
Buying a second home isn’t much different from buying a primary residence. If you don’t rent it out it is not considered an investment property, so you can usually get the same mortage rate and terms, as you have on your primary residence.
Because mortgage rates are very attractive today, many folks are purchasing second homes. Your timing and consideration could not be better. If you have available down payment and good credit, then you probably qualify.
To find out if you qualify, CLICK HERE
Buying An Investment Property
If you own one home and can afford another, now is the time to consider purchasing an investment property. Home values are down due to the influx of foreclosures and short sales.
Investment properties can be one unit, two, three, or four unit. Loans and down payment for investment properties may vary based on the number of units you are purchasing.
Not everyone is cut out to be a Landlord. You must be willing to provide good service and a clean, affordable unit for your tenant. If you are ready, your timing is perfect. To see if you qualify, give us a call or CLICK HERE.