Purchasing a vacation home in Florida.
Janine Bodway (jbodway)
#4 ranked lender in Montana - 42 contributions
What is your specific question that I may help you with in regards to a vacation home purchase?Janinejbodway@acceptancecapital.com
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Current mortgage is $290K, a second at $34K. We will pay off the second immediately. We have $125K to put down on a second home in FL. Is is best to put the entire $125K toward the purchase and assume the balance as a second mortgage, or try and get the most financing we can for the second and make payments from investments, thus keeping most of our money invested?
Jamie Nummer (SomersetLendingCorp)
#27 ranked lender in Michigan - 86 contributions
Contact your local broker. By applying with a broker, they are local and work with numerous lenders, seeking out the best loan programs for your particular scenario.
Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions
you can contact me at yourloanpartnerforlife@live.com linda florida can be a lttle tricky with all of the state taxes.. etc ...
Ask our community a question.
Get an answer
