in texas, is a 2nd home considered an investment property? It would be used as a 2nd home.

Ginger
Ginger
Home Buyer
Madison al 35757

we were told it would be and we would need to hv 3 months of both homes pmts in the bank and the interest rate would be higher. is this true?

Sat Jul 11 2009, 18:34 - Home Buying in Richardson - 2 answers
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Lynn911.com Dal...
Lynn911.com Dal...
Agent
Dallas, TX

Are you going to reside in this 2nd home? Where is your primary home. Many questions need answered prior to determine your best interest.

I am a Dallas realtor and loan officer “one stop shop for all your real estate services”

CONTACT OUR OFFICE TODAY
972-699-9111
Lynn A. Crosby ~ National Featured Realtor
Follow me on Twitter: http://twitter.com/Lynn911
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor, and Credit Repair Consultant -
The Michael Group - "Dallas Business Journal 07’ & 08' list top realtors"
Dallas Loan Officer -
Dallas Real Estate Website: http://www.lynn911.com 60,000 listings Dallas homes for sale

Mon Sep 7 2009, 21:32
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Tom Burris
Tom Burris
Mortgage Broker
or Lender
Dallas, TX
FIRST ANSWER

2nd home would NOT be considered investment.....
Unless the lender doesn't believe you.

Sat Jul 11 2009, 18:43
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