Are you thinking about buying a second home?

Tips even seasoned homebuyers will find useful!

Save time, money, and frustration by dealing with a great realtor and a top-notch mortgage lender. Just as you shop for a bank or a financial advisor, it benefits you to shop for a mortgage lender. Me and my team at GoPrime Mortgage, Inc. offer free advice with no strings attached. See the tips below or give me a call at 828-242-4780.

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Tips for Second Home Buyers

Every homebuyer can benefit from the advice of an expert.

Below are some tips to keep in mind when considering buying a second home. When determining your budget, keep in mind that you’ll have other expenses aside from the mortgage payment, including maintenance, utilities, taxes, and insurance.

In addition, if you want to do any work to the property, like a remodel or landscaping, that will incur some upfront costs. Plan your budget accordingly when buying a second home. If you’re concerned that you have enough money to afford a second home, schedule a meeting to chat with me and we can go over it.

What Our Clients Are Saying

Zachery and his team did a great job helping us purchase a second property. He is connected with many providers that helped secure a HELOC loan. We closed quickly. He had the foresight to lock in a low rate right before rates jumped. Great service!

Gregory K.

Zach and his team are brilliant! We had a really difficult transaction and they were there and attentive the whole way through letting us know how they were going to handle it and finding creative solutions for crazy problems in this absolutely insane market. I can’t recommend them enough!

Josh M.

Buying a home can be scary and confusing, but Zach and his team at GoPrime Mortgage were very responsive and knowledgeable – and we got the best deal available! The online portal made sharing sensitive documents super quick and easy. Thanks for helping us close with confidence in a short 30-day timeframe!

Rita L.

Buying a Second Home

Wondering if You Can Afford a Second Home?

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.

You should have:

  • Money for a down payment
  • Savings toward your retirement
  • An emergency fund to cover unexpected expenses
  • Savings for family (such as college or weddings)
Buy a Second Home in NC with GoPrime Asheville Mortgager Company

Purchasing a Second Home as an Investment

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 current sale price.

Finally, don’t feel like you have to rush into a decision.

Find out how I can help!

Since opening in 2005, our goal has always been to deliver mortgage loans at some of the most competitive rates in the country. GoPrime Mortgage, Inc. is an independent mortgage lender.

Get in touch with me or my team by calling 828-242-4780 to find out how an independent lender can help you buy a second home. There is no obligation, and I love helping second home buyers.

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