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Answers (5)
- Gary May, "RealtorTampaBay"
- Contributions:56
Yes, many people continue to buy 2nd homes or Florida vacation/winter homes. I suggest speaking with your mortgage lender or interviewing several different reputable lenders to grasp their guidelines. If you're going to pay cash then there's absolutely nothing holding you back. There's lots of great buying opportunities on the market. Best wishes!
- Jim Starwalt, "jimstarwalt"
- Contributions:2512
As Karen said, you will need probably 20 percent down, but some banks are lending on second homes with only ten percent down. Jim
- James Y. Kuang, "jkuang626"
- Contributions:29
Absolutely. Is there anything that would prevent you from doing so?
- Alma Kee, "Realtor Alma"
- Contributions:133
If you have the income, assets, and credit history to justify a lender to take arisk on granting a mortgage to you, or if you have saved ALL CASH, then of course!
Also contact credit unions.
All the best,
Alma
Also contact credit unions.
All the best,
Alma
- Karen Cox, "Karen Cox"
- Contributions:6
You can buy a second home. I suggest you contact a reputable Bank or Mortgage Company to find out what guide lines or requirements you will need to meet in order to achieve this. Usually it goes on a Conventional loan and requires 20% down.
Can I purchase a 2nd home?
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