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Real Estate Tips
Interest Rates >Second Home Financing

You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

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Real Estate Trivia
Q 
What site discovered in 1965 is considered the world's oldest known habitation?

A 
The Terra Amata site in Nice, France has the remains of 21 huts belonging to the Acheulian culture from 400,000 years ago.
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Trey Manderson, REALTOR®, real estate agent and broker for Pensacola Beach, Gulf Breeze and Pensacola, Florida home listings, property and land for sale - NUMBER1EXPERT

The Manderson Group
Coldwell Banker United, Realtors

22 Via Deluna
Pensacola Beach, FL 32561
Office: 850-932-5300
Trey's mobile: 850-393-8739
Toll Free: 800-874-5300
Fax: 850-932-0787
trey@themandersongroup.com

The Manderson Group is a team of personally selected individuals who are committed to providing you with the highest possible level of customer service. Affiliated with Coldwell Banker United Realtors, we offer additional real estate sales and marketing services to ensure your needs are met and exceeded. Our team provides the following services: Personal service throughout your selling and/or purchasing experience. Support in the marketing, buying and closing of your property. Exposure to a wider geographical area Consultation for investment real estate, including commercial and residential.

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