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.
When you’re getting ready to purchase a home, there are many important things to look for. In addition to ensuring the property fulfils your homebuying wish list, you’ll also want to evaluate the home’s overall condition. While a professional home inspection is a...
Summer is on its way, which makes this the perfect time to take inventory of your outdoor space and get it ready for the warmer days ahead. Prepare your patio for summer with this handy how-to! Check for damage Before making a game plan, you should check your outdoor...
There’s no time like the summertime! With the new season just around the corner, you may want to consider performing some tasks around your home to get it in tip top shape for summer. As with all seasonal upkeep, summer maintenance is important to preserve the value,...