What Move-Up Buyers Should Know About Financing a Second Home
Posted by Rozi Dover on
As your needs change, you might find that your current home no longer fits. If you’re thinking about upgrading to a larger home or a second property, you’re not alone—many move-up buyers in Auburn and Opelika are looking to make this exciting transition. But before you start packing, it’s important to understand how financing a second home works.
Hi, I’m Rozi Dover, and I specialize in helping buyers in Auburn and Opelika navigate the homebuying process. In this blog, I’ll break down what you need to know about financing a second home, including mortgage options, down payments, and key financial considerations.
1. Understanding the Difference Between a Second Home and an Investment Property
When financing a second home, lenders will want to know how…
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