

Real Estate Tips
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.
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Real Estate Trivia
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Where is the world's longest spiral staircase?
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The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps. |
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Bonnie Wolfe Coldwell Banker Residential Brokerage 572A Ritchie Hwy Severna Park, MD. 21146 Phone: 410-647-0157 Fax: 410-544-8974 Contact Bonnie: severnaparkrealestate@NUMBER1EXPERT.com
Hello. I'm Bonnie Wolfe. Anne Arundel County is a beautiful place to live, and I would love to help you find a home, or sell your old home. Selling houses and helping people find homes they love means a great deal to me. This is why I am Coldwell Banker's top producer in Anne Arundel County.
Top producer ranking is not the result of high pressure tactics. It results from matching the right buyer with the right house. In real estate, a bad realtor is actually more expensive than a good one. The commission is the same, but a poor realtor could put you in the wrong home. That is an expensive mistake. So choose America's #1 Real Estate Expert™ for Anne Arundel County, and let me put you with the right home! Call or email me today! 
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