Home Buying in Richardson>Question Details

Ginger, Home Buyer in Madison al 35757

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

Asked by Ginger, Madison al 35757 Sat Jul 11, 2009

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?

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Lynn911.com Dallas Realtor’s answer
Are you going to reside in this 2nd home? Where is your primary home. Many questions need answered prior to determine your best interest.

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0 votes Thank Flag Link Mon Sep 7, 2009
2nd home would NOT be considered investment.....
Unless the lender doesn't believe you.
0 votes Thank Flag Link Sat Jul 11, 2009
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