Buying a vacation home is a little different than buying your primary residence. It could be a great purchase that gives you a great return on your investment. It could also be a major loss if you aren’t careful. Before you consider buying a vacation home, think of the following factors so that you Read more
Last Year, Investment Home Sales Beat Vacation Home Sales
Fewer vacation homes were sold while investment home sales soared last year based on the latest data from the National Association of Realtors’ 2017 Vacation and Investment Home Survey.At a glance, there were 721,000 second home sales made and 1.14 million investment homes were sold in Read more
How to Qualify for a Second Home or Vacation Home Purchase
You have worked hard enough in life that you decide you want to buy a second home. This is an exciting time! There is just something so different about owning a home you can vacation at rather than renting or staying in a hotel. The good news is the mortgage process is similar to the one you went Read more
A Primer on Refinancing a Second Home
Yes, it is possible to refinance a vacation home or a second home but things might prove to be more complicated and tricky than refinancinga regular residential property.For starters, many lenders are wary of refinancing nonowner-occupied properties because borrowers are more likely to default Read more
What Streamlined Refi Programs are Currently Available?
Rates have been on a steady hike after the historic US elections but Freddie Mac’s PMMS®results last week could just be the right signal for homebuyers and refinancers to lock in on rates. Not that it’s really necessary. With today’s record-low rates, and borrower-friendly mortgage programs, there Read more
