Are you ready to buy a second home in Northern Michigan? Be it a vacation home, an investment property, or a new house, buying a second home can be difficult to finance. Lenders see a second home mortgage as a higher risk and they may be more wary about approving a loan. Many buyers shy away from investing in a new home in fear that they won't be able to get a mortgage on a second property. Don't worry, with this guide, finding and financing your property can be a smooth process.

Control Your Debt

One of the most important things you can do when buying a second home is to make sure your debt is controlled. Your lender should have a detailed report of all loans, mortgages and monthly bills that take away from your monthly income. Seeing an…

1010 Views, 0 Comments

Read Full Post