The Difference Between Second Homes and Investment Properties

The Difference Between Second Homes and Investment Properties

When describing property that is not considered a primary residence, the terms “investment property” and “second home” are often used interchangeably. But it’s much more than semantics. There are significant tax and mortgage financing differentiations between...
The Top 10 Hottest U.S. Housing Markets in 2021

The Top 10 Hottest U.S. Housing Markets in 2021

The real estate market outlook continues to be favorable for home sellers, with prices steadily rising since 2020. In fact, prices rose by 22.2 percent compared to 2019. And, with low interest rates and low inventory, bidding wars are pushing prices even higher. So,...
How to Get Financing to Purchase a Second or Vacation Home

How to Get Financing to Purchase a Second or Vacation Home

The process for financing a second home or vacation home can be a little different from purchasing a primary residence. For starters, not all conventional home loans allow second homes/vacation homes, and those that do may have different requirements and underwriting...
Financing Rental Properties Beyond Fannie Mae and Freddie Mac Limits

Financing Rental Properties Beyond Fannie Mae and Freddie Mac Limits

Thinking of purchasing a rental home? Be sure to research the financing options that are available, including conforming and non-conforming loans. Conforming Loans & Their Limits Conforming loans are mortgages that meet the funding criteria of Freddie Mac and...
What credit score do I need to get a mortgage?

What credit score do I need to get a mortgage?

As you probably already know, your credit score is an integral piece of your overall financial picture. Your credit score has the power to help you get more credit, get approved for a lease, and when you’re ready, buy a home. But what constitutes a ‘good’ credit...