Buying a second home?
We have tips even seasoned homebuyers will treasure!

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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.

USDA Loans

I want to live in a rural area.

Affordable Homebuyer Programs

I am a first time home buyer. 

Investment Property Purchases

I want to but an investment property.

Second Home Purchases

I am buying a second home.

Renovation Loans

I am buying a house that needs repairs. 

VA Loans

I am actively serving in the Miltary or a Veteran.

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.

Get Pre-Qualified

Getting pre-qualified for a mortgage loan is the best first step to take when you want to buy your first home.

Mortgage Calculator

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.

16 Mortgage Tips

Get good, professional advice for what to do and what not to do when you’re seeking to buy your first home.

Mortgage Document Checklist

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.

Frequently Asked Questions regarding Mortgages

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.

Homebuyer’s Guide

Law requires that you be provided with this monstrous document when you apply for a loan. Here is a helpful summary of its contents.

Mortgage Glossary

As you explore down the rabbit hole of mortgage loans, you inevitably will find terms and acronyms that you don’t understand. Look here for help.

Mortgage Loan Products

GoPrime Mortgage, Inc. offers a wide range of mortgage loan types. To understand the differences, read this page and then talk to Zachery Adam and his Team.

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

(828) 348-1907
Zachery@GoPrime.com

Open Hours

9am – 5pm Monday – Friday

Our Office

862 Haywood Road
Asheville, NC 28806

What we Do

Contact us if you…

Zack is a great resource, making him a great place to start your journey to a new home.

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Zachery Adam

Zachery Adam

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.”  Zachery Adam

Daniel Clancy

Daniel Clancy

Loan Officer

Growing up playing sports, I loved being part of a team. Here at GoPrime Mortgage, Inc., it takes a strong team to do what we do, and we have the best team in the business.Daniel Clancy

Teona Rodriguez

Teona Rodriguez

Marketing

“I wake up every morning with incredible appreciation. I love what I do.” Teona Rodriguez

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