Home Buyer Tips , ,

Three Tips To Get The Best Financing On Your Second Home Purchase

Are you buying a property as your second home? Perhaps you are looking for a small cottage or apartment where you can escape to for your vacations, or maybe you want to have another home closer to your relatives? Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can present a challenge. Generally, a mortgage lender will have tougher standards for vacation home -- or second home -- loans…
Read More
Mortgage , ,

Buying A Second Home As A First Home: What To Know

Many first-time homebuyers are having a difficult time finding the right purchase. Therefore, a new trend is catching on. Some people are renting in the city, where property values are more expensive. Then, they buy a vacation home in the suburbs. Is it smart to buy a second home as a first home?  The Advantages Of Buying A Vacation Home First There are several advantages that come with buying a vacation home as a first home. First, buying a vacation home in the suburbs is usually less expensive than purchasing a house in the city. Furthermore, first-time homeowners can rent…
Read More
Home Mortgage Tips , ,

3 Things to Consider Before Buying a Vacation Home Abroad

The call of fancy vacation locations and the additional earnings that can come along with this type of home may appeal to many homebuyers, but a lot of time and money can go into maintaining a second property. If you're currently considering a vacation home for your own use or as a potential investment, here are a few factors to consider before jumping into the fray of a long distance home. Will You Use It Enough? A home in a far-off place can be a great means of having a place to visit each year, but one of the problems…
Read More