Purchasing a vacation or second home
YOUR MORTGAGE BROKER FOR VACATION AND SECOND HOMES – If you’re planning on a big vacation or buying a second home, you want to make sure you’re pairing with a trusted advisor who will guide you in the right direction. It’s a big purchase, and if done poorly it can tie up an unnecessarily large amount of money. But if you call Real World Mortgage, we’ll make sure you’re getting the best advice, so your transaction is simple and realistic, and it saves you money.
It’s your journey!
If you don’t plan on using your second home as a rental property, the down payment required drops from 20% to 5% – that’s a huge boost to your cash flow in the immediate future. All you have to do is sign a declaration that there won’t be renters on the property, and that 15% difference is yours to keep. That’s a great way to start enjoying your vacation home.