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ByGustan Cho
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Everything You Need to Know About Second Home Loans in 2024 Are you thinking of buying a second home? Maybe you want a cozy cabin by the lake, a beachside retreat, or a place closer to family. Second homes can be exciting investments and give you a getaway, but financing them differs slightly from getting…
ByGustan Cho
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This guide covers second home guidelines on non-QM and conventional loans. Second-home financing is different than investment properties. Homebuyers are eligible to finance second and investment homes with conventional loans. However, lenders consider investment homes higher risk than second home financing. Therefore, higher risk means higher rates and more down payment. This is why many…
ByAnngelli Abenes
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This guide covers everything you need to know before buying a mountain house. Discover how to find your dream home in America’s best mountain towns. Are you tired of the hectic city life and yearning for a peaceful retreat surrounded by nature? Look no further than America’s best mountain towns! According to Dale Elenteny of…
BySarah Wu
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In recent years, the United States Virgin Islands have seen an unprecedented boom in tourism. Money started trickling into the island through investments and tourism. This means that even the hospitality industry has directly
ByGustan Cho
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This article covers Fannie Mae Guidelines on second homes mortgage financing. There are three types of mortgage loans when it comes to residential financing. Primary homes Second homes Investment homes Primary home financing is owner-occupant homes. Homeowners will reside in the home as their primary residence. A primary home is a property that the buyer…
ByGustan Cho
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This guide provides comprehensive insights into Fannie Mae Second Home Guidelines, specifically for vacation properties. The 2023 update to these guidelines emphasizes that Freddie Mac and Fannie Mae mandate a minimum down payment of 10% for individuals seeking to purchase a second home. It’s crucial to remember that government loans are not permissible for acquiring…
ByAlex Carlucci
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This guide covers preparing and choosing the right vacation for your family. Planning a family vacation takes work, but it can be a lot of fun. Knowing where to look for the best travel deals can be key. It helps to stretch your budget further without sacrificing one minute of the experience. Once you’ve narrowed…
ByGustan Cho
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This guide covers primary home versus second home purchase. A primary home is the principal residence of the homeowner. John Strange, a senior loan officer at Gustan Cho Associates, explains the difference between mortgage rates on owner-occupant primary home mortgage rates versus second and investment home rates as follows: Primary home financing also has the…
ByRonda Butts
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This guide covers the best places to buy waterfront property for boating and recreational watersports. We will discuss buying a house in the perfect state for boating and watersports. Are you ready to set sail on a thrilling adventure where the sun-kissed waves become your playground and every day feels like a dream? Welcome aboard…
ByRonda Butts
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This guide covers buying a lake house for water lovers. Cast your line in paradise. We will discuss buying a lake house in the top US towns for lake fishing and lakefront living. Prepare your tackle box and pack up your boat because it’s time to cast your line in paradise! If you’re an avid…
ByCharlotte Hopper
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This article will discuss buying a home in Florida and knowing the area. According to the Independent Journal and the Florida Realtor Association, Florida is one of the top three states people are moving to. Florida Home Purchase is again set to be a Real Estate Hot-Spot for 2023. The local Florida Realtors gathered again…
ByGustan Cho
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This Article Is About Using Second Home As A Rental And Vacation Home Using Second Home As A Rental and Vacation Home at the same time is becoming more popular among real estate investors. Using Second Home As A Rental, the investor gets to enjoy the benefits of having a vacation home and get rental…
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