In this blog, we will be covering for homeowners how to buy a second home while owning first. We will cover some creative ways of keeping your first home and being able to affect a vacation home or investment home. owner-occupant primary home. Generally, most people will sell their home and buy a second home…
This guide covers owner-occupant homes versus non-owner properties. Financing owner-occupied homes offers the best interest rate, the lowest down payment requirement, a higher debt-to-income ratio, and the best mortgage terms out of all mortgage loan programs. Mortgage lenders view owner-occupied home financing loans as less risky than second-home and investment home mortgages. The reason is…
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