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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.
What is the most expensive piece of property ever recorded?
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
The Franich TeamRE/MAX Accord313 Sycamore Valley Rd., WestDanville, CA. 94526Direct: 925-736-1664 Cell: 925-330-2773 Fax: 925-964-0266Email: Judi@JudiFranich.comAs preeminent real estate professionals in our community, we are dedicated to providing the finest service available while breaking new ground and setting new standards through the use of Internet marketing. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. We can offer top contract negotiation skills and can save you thousands of dollars in buying and/or selling a home. Most important, we listen to your needs!
The Franich TeamRE/MAX Accord313 Sycamore Valley Rd., WestDanville, CA. 94526Direct: 925-736-1664 Cell: 925-330-2773 Fax: 925-964-0266Email: Judi@JudiFranich.com
As preeminent real estate professionals in our community, we are dedicated to providing the finest service available while breaking new ground and setting new standards through the use of Internet marketing. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. We can offer top contract negotiation skills and can save you thousands of dollars in buying and/or selling a home. Most important, we listen to your needs!
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