Want to buy a second home? Read this first

Let’s touch on all the most important things you need to know before you buy your second home!

Buying a Second Home Doesn’t Make Sense for Everyone

It may sound like stating the obvious, but owning two homes costs a lot more than owning just one!

Lenders have tightened their lending standards, and it’s become a little harder to get a mortgage for a second home.

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It’s Gotten More Difficult to Buy a Second Home

You can often take out a home equity loan to use as a down payment on your second home.

Buying a Second Home Is a Lot Easier If You Have a Lot of Equity In Your First Home

You’re also doubling all the other costs associated with being a homeowner.

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It’s Going to Cost You a Lot More Than Just the Cost of the Home


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