5 Strategies to Buy a Second Home Story

Sales of second homes are up 87% from April of 2020 – despite rising interest rates and declining inventory.

Economists have predicted that mortgage rates will continue to rise this year – possibly as high as 3.9%, so if you’re on the fence, now is the perfect time to buy.

INTERESTED IN A SECOND HOME?  5 STEPS TO GET YOU STARTED!

1. Pick a place and a property type

What is the intention for use - vacation home, rental, primary residence, or something else? The location and intended use will impact your loan type.

2. Consider all costs

You must ask yourself - is buying a 2nd home worth all the expenses that come with it? Property tax, insurance, utilities, maintenance and more!

THAT'S NOT ALL! There's so much more that you need to consider before investing in a second home.

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