Buying a second home?
We have tips even seasoned homebuyers will treasure!
Tips for Second Home Buyers
Save time, money and frustrations by dealing with the best Realtor and the best mortgage lender. Just as you shopped for a bank or a financial advisor, it behooves you to shop for a mortgage lender. Zachery Adam and his Team at GoPrime Mortgage, Inc. offers free advice with no strings attached. See the tips below or call Zachery at 828-242-4780.
Every homebuyer can use the advice of an expert. Below are some tips to consider when you’re buying a second home:
When determining your budget, keep in mind that you’ll have other expenses besides the mortgage payment, including the maintenance, utilities, taxes and insurance.
In addition, if you want to do any work to the property, whether to remodel or landscape, that will incur some upfront costs. Plan your budget accordingly when buying a second home.
Best loan to fit your situation
If you’re shopping for a house and mortgage today, you have more choices than ever before. Independent mortgage lenders, like GoPrime Mortgage, Inc. provide a full range of loan products and competitive rates. The most effective independent mortgage lenders work with you to get the best loan to fit your situation. Learn more about your mortgage loan options; schedule a face-to-face consultation with Zachery Adam and Team with GoPrime Mortgage, Inc. today. There’s no obligation.
Affordable Homebuyer Programs
I am a first time home buyer.
Explore Your Options
As a second home buyer, you may believe that you have to get your loan through a bank or credit union. But that’s not the case. An independent mortgage lender often provides more options than a bank can. Shop around. See who gives you the best deal on a mortgage loan that’s right for your circumstances. You may be surprised.
Getting pre-qualified for a mortgage loan is the best first step to take when you want to buy your first home.
To get a quick, down-and-dirty — and completely unofficial and nonbinding — idea of what your monthly mortgage payment would be based on the cost of a house.
Get good, professional advice for what to do and what not to do when you’re seeking to buy your first home.
When applying for a mortgage loan, you may need reams of financial records. Or not. It’s different for everyone. Here is a complete list to give you an idea.
Everyone has questions when it comes to buying a house and applying for a mortgage loan. This page answers the most common questions people have.
Law requires that you be provided with this monstrous document when you apply for a loan. Here is a helpful summary of its contents.
If you’re concerned that you have enough money to afford a second home, here are some guidelines to consider.
You should have:
- Money for a down payment
- Savings toward your retirement
- An emergency fund to cover non-vacation expenses
- Savings for family (such as college or weddings)
In general, servicing all of your debt, including the second home purchase, should consume less than 43-45 percent of your gross income every month. Refer to your debt-to-income ratio if you’re unsure how close you are.
If you’re buying a second home as an investment, research the real estate trends in the area. Look at historical data to discover how the property, neighborhood and municipality values have fluctuated. An investment requires knowing more than just the sale price.
Finally, don’t feel like you have to rush into a decision. Just as you are shopping around for the right property, shop around for other mortgage lenders as well. You’ll find plenty of both. Hold out for the best match.
Find out how Zachery and his Team at GoPrime Mortgage, Inc. can help you.
Since opening in 2005 our mission has always been to deliver mortgage loans at the most competitive rates in the country. GoPrime Mortgage, Inc. is an independent mortgage lender. Call Zachery at 828-242-4780 or get in touch with his Team to find out how an independent lender can help you when your buying a second home. There is no obligation, and Zachery and his Team loves helping second home buyers.
Get in Touch
9am – 5pm Monday – Friday
862 Haywood Road
Asheville, NC 28806
What we Do
Contact us if you…
- Have a question about independent mortgage lenders.
- Want to know more about the mortgage loan products that GoPrime Mortgage, Inc. offers.
- Are wondering whether you qualify for an USDA mortgage.
- Want to discuss the advantages of an adjustable rate mortgage.
- Want to know why you were turned down for a mortgage at another lender.
- Have a question about your current mortgage.
- Are considering moving into a new property or purchasing an investment property.
Zack is a great resource, making him a great place to start your journey to a new home.
Branch Manager, Loan Officer
"What we do is so far more important than lending and buying houses. We are in the business of facilitating dreams and honoring the start of a new home.”
“I wake up every morning with incredible appreciation. I love what I do.”
He likes to work with clients new to the homebuying process. Remembering what it was like for his family, he can take his knowledge of the mortgage industry and make that process easier.