Home Buying in Floyds Knobs>Question Details

Erin, Home Buyer in New Albany, IN

What is the best way to buy a second house when you're already a home owner? How much money down and is there any other options available?

Asked by Erin, New Albany, IN Thu Aug 30, 2012

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Margie Hobbs’ answer
Hi Erin,
There are many options for buying a second home, but how you go about it depends on various factors. Is this a second home for you personally? Or is this for investment purposed? The amount of money down would depend on the loan program you use. I would be happy to talk to you about this in more detail. Please feel free to contact me at your convenience!

Margie Maple Hobbs
Semonin Realtors
0 votes Thank Flag Link Sat Jan 26, 2013
The easiest way is to get a line of credit on your current home and buy the second home with cash. This way, you won't have to deal with all the hassles of loan origination and fees. Plus, with all cash, you'll be able to get a better deal than financed offers.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Thu Aug 30, 2012
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