If you are buying a vacation home in Highlands NC it is important to have your finances in order. Getting your finances in line is as important for buying a second home as it is for a first home. Lenders will examine your credit and your debt to income ratio as thoroughly as they would for the purchase of a primary residence, if not a little more carefully. It is essential that you have your finances in order prior to looking for your Highlands vacation home, so that you are prepared and no exactly what price range you can afford.
There are numerous questions to ask when securing a loan for a second home. Make sure you sit down with a lender to understand exactly what you are getting into as well as what can help you lock in the best rate. The Highlands real estate market is unique and often working with a local lender is a good idea.
Contact me, Lynn Kimball, today to learn more about buying Highlands real estate. I welcome the opportunity to serve as your guide to our local market, getting you started on your Highlands real estate search while recommending reputable local lenders at the same time. Let my experience and knowledge work to your advantage for all of your real estate needs.
Click here to read “The Key to Buying a Second Home” from Yahoo Finance.