THINKING ABOUT BUYING AN INVESTMENT PROPERTY OR SECOND HOME?

Whether you’re looking for paradise or profit, we can help.

 

Smart Investment Matters

We’ll evaluate your short-term needs and long-term goals

 There are many things to consider before diving into having two mortgage payments. For starters, you want to make sure you can qualify for another mortgage loan. A second home buyer has to carry the entire new mortgage payment without the benefit of rental income. If you are buying an investment property you can generally use 75% of the current or expected rental income to help you qualify. Also, you will need to be able make a down payment of at least 10-25% of the home’s cost (10% minimum for second homes and 25% for investment properties) and come up

with some significant closing expenses as the property transfer tax for second homes and investment properties is higher than for primary residences.

If you’re considering purchasing an investment property or second home, make sure to talk to a qualified mortgage professional to better understand the options and avoid the potential pitfalls. No matter what you’re looking for, we’ll evaluate your short-term needs and long-term goals to find the perfect fit for your individual situation.

All loans are subject to credit and property approval. Other restrictions and limitations may apply.

Is it Time for Your Annual Mortgage Review?

As a homeowner, it’s important to stay on top of your finances. One key factor in doing so is making sure you’re getting the most out of your mortgage. If you’re goals or situation have changed or if better mortgage options have become available, it may be time to...

read more

Why Waiting to Buy A Home May Cost More

If you’re on the fence about purchasing a home, here’s an important piece of advice: buying a home sooner rather than later could save you money. This is because three things can happen while you’re waiting to buy: Mortgage rates can increase Home prices can increase...

read more

How Covid-19 has changed homebuying and selling

In 2019, the idea of buying or selling a home during a global pandemic seemed inconceivable to many people. Nonetheless, millions of Americans did just that the following year. Like every other aspect of American life, the real estate process was tested by COVID-19,...

read more

Awards & Recognition: