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.

How to attract birds to your home

  • September 22, 2020
  • Mark Chaffee

If you’re looking to entice a colorful collection of birds to your...

Renovate your home with mortgage financing

  • September 15, 2020
  • Mark Chaffee

It’s been a record year for home renovations. With countless Americans staying...

Why so many people are buying homes now

  • September 9, 2020
  • Mark Chaffee

A once-in-a-century pandemic may seem like a strange time to buy a...

Awards & Recognition: