Before Buying A Second Home, Ask These Questions

Posted Posted in Mortgage Blog

There are a lot of things to consider when buying a second home. For instance, will you use the home exclusively, or will you rent it out for tourist season? Did you know income-tax rules are different for second homes and rental income? Did you know some homeowners’ associations have rules prohibiting rentals? This leads […]

The Skinny On Investment-Home Loans

Posted Posted in Mortgage Blog

While some types of mortgage programs may not be used to purchase investment homes — such as FHA, VA and USDA loans — conventional loans are available for single-family homes from 1-4 units (single family, duplex, triplex and quadruplex). The beauty of these loans is that projected rental income may be used to qualify for […]