Second-home hunting has never been easier with everything you need to find and buy the right place at the best price! You don't have to be rich to buy a second home -- but you do need to be smart. Buying a Second Home delivers the goods, showing you how to make the purchase of your second home a success! You'll learn how to identify an affordable price range, choose a great location, get low-cost financing, minimize taxes and more. Explore topics you won't find in other home-buying books, including: innovative financing strategies how to rent your property profitably how to assess the investment potential of a fixer-upper choosing the right mortgage for you profiting from a second-home sale buying a home in foreclosure The CD-ROM includes handy checklists and custom worksheets that help you make sense of the entire process, from buying to ownership. The new 2nd edition includes updated market and mortgage information, including the latest criteria you'll need to meet in order to get a loan and how to assess the potential of a recently foreclosed home. Get the step-by-step information you need to be smart about your investment with Buying a Second Home. The CD-ROM that accompanies the printed version of this book includes forms or other tools; in this eBook, you'll find all those documents in the appendix or at the back of the book.Interest rates on home equity loans tend to be a point or two above the rate available on a loan for a primary residence. ... Commonly referred to as a HELOC (pronounced ahe-locka), this is a revolving line of credit from which you draw. Ita#39;s not unlike a credit card. Your credit limit (the maximum amount you can borrow at any one time) is set by taking a percentage (usually around 75%) of your primary anbsp;...
|Title||:||Buying a Second Home|
|Publisher||:||Nolo - 2009-01-29|