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All agents are NOT alike! Find out why we are top real estate experts. Call us: 515.208.2721.

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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
Q 
Over what famous building is aircraft forbidden to fly at any time?

A 
No aircraft is permitted to fly over the Taj Mahal in India.
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Liz Wilson & Associates, REALTOR®, real estate agents and broker for Ankeny, Des Moines and Altoona, Iowa home listings, property and land for sale - NUMBER1EXPERT(tm)

Liz Wilson & Associates
Direct Realty Co. Inc.

213 N. Ankeny Blvd. Suite 120
Ankeny, IA 50023
515-208-2721
Fax: 515-963-1282
lizwilson@NUMBER1EXPERT.com
liz@directrealtyco.com

Consistantly striving for excellence through our marketing systems to obtain the best value in the shortest period of time for our customers!

CRS Equal Housing GRI REALTOR


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