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...
Short Term vs Long Term Rentals – Considerations for Property Owners

Short Term vs Long Term Rentals – Considerations for Property Owners

If you are considering purchasing a rental property, one of the biggest decisions may be whether to utilize the property as a short-term or long-term rental. Both have may have an upside and drawbacks. Below we’ll discuss elements that you as a property owner may want...
Second Homes vs Investment Properties

Second Homes vs Investment Properties

What is the difference between a second home and an investment property? Although they sound very similar, the two types of homes are actually quite different – especially when it comes to their financing. Oftentimes people will use the terms “second home” and...