Question Details

Out and About, Home Seller in New Jersey

buying a second home (vacation home/NOT INVESTMENT

Asked by Out and About, New Jersey Mon May 4, 2009

what are the current criteria for obtaining a mortgage for a second home? our current home is recently refinanced, and we paid 2/3 of it off. we are putting 25% down on the 2nd home. i will be mortgaging about $600,000 - $700,000. i think the programs and rates changed last week with a lot of banks implement the new rates/ criteria (credit scores, jumbo amounts) this week.

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Answers

2
Plenty of programs available. You should be all set.

I am a loan officer. If I can be of service, please lte me know!

MSmith@PrecisionFundingUSA.com

Marty
0 votes Thank Flag Link Tue May 5, 2009
There are excellent 2nd home financing programs available in your down payment range.
0 votes Thank Flag Link Mon May 4, 2009
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