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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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Q	Where would you go to visit the largest ancient castle in the world?
A	You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres.
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Marilyn Wier, REALTORŽ, real estate agent and broker for Clear Lake, Friendswood, Pearland and League City Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Marilyn Wier, Owner
RE/MAX Space Center
1150 Clear Lake City Blvd. #100
Houston, TX 77062
Toll Free: 800-335-0515
Office: 281-204-1015
Mobile: 713-542-8451
Direct: 281-557-5255
Fax: 281-488-2264
Email: marilyn@soldontexas.com
Marilyn Wier is a dedicated professional who offers her expertise to clients by helping them make the best decisions for their family and for future resale. Marilyn has been licensed since 1984 specializing in relocation and marketing of residential real estate. 85% of her business comes from Corporate and Personal referrals from satisfied clients. Call or email Marilyn today!

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