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Real Estate Tips

Interest Rates >Second Home Financing

You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

See All Tips In The "Interest Rates" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia

Q 
Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture?

A 
Monticello, begun in 1769, was later enlarged in keeping with its classical forms.
See More Real Estate Trivia >

WEICHERT, REALTORS© - The Chase Team, REALTOR®, real estate agent and broker for Norwell and Scituate, home listings, property and land for sale - NUMBER1EXPERT

The Chase Team
WEICHERT REALTORS - The Chase Team
146 Front Street
Scituate, MA 02066
781-659-7900
Fax: 781-545-7901
professionals@chaseteam.com

Where others might take the easy road, Donna, as one of America's NUMBER1EXPERTS™ in the Norwell and Scituate areas, travels the route that delivers the BEST results and service to her clients. Donna skillfully negotiates through any transaction with years of sales and negotiations training, to deftly turn obstacles into advantages for her clients. She arrives at her goal using inspired strategies and creative marketing, unlike any other agent you may have met! Donna's properties are selling quickly. Call her today for a half-hour presentation to show you a different approach to marketing your property.

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