Are you thinking about purchasing a second home on the lake in 2022? There is an important fact to consider… The Federal Housing Finance Agency introduced new upfront fees for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered […]
How Do I Finance a Second Home on the Lake?
Buying a second home—whether for an investment or as a vacation getaway—can be a wise financial move if you plan to use it several times a year and rent it out for additional income the rest of the time. But buying a second home is not like purchasing a primary residence. The requirements for financing […]
Winterize Your Vacation Home in 4 Easy Steps
Whether you own a beach home, ski condo or lakeside cottage, your vacation home is an important investment that you will want to winterize while you are not there, especially during the long winter months when temperatures dip below freezing and ice and wind storms can knock out electrical power. Here are 4 easy steps […]
4 Tips for Vacation Home Buyers
If you’re thinking about making an offer on a second home in this frothy market – perhaps a property that’ll become your eventual retirement place – here are four things to keep in mind. 1. Never forget that the key to vacation homes is location, location, location. Sure, this is a cliché, but that doesn’t […]