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Buying a second home is a lot like buying your first property. If you’re not purchasing with cash, you’ll need to get preapproved for a loan and work with a real estate agent with experience ...
A second home can also act as a buy-and-hold investment — real estate does tend to appreciate in value over time — and be a valuable asset to pass on to heirs.
So long as you do careful assessment and research, and work with trusted real estate professionals, buying a second home could be financially advantageous. More From GOBankingRates 5 Food Items ...
Purchasing a vacation home or secondary residence often seems like a dream come true. But before getting carried away in fantasyland, prudent buyers must do the legwork. Doing so helps ensure your...
What are the alternatives to using a home equity loan when buying a second property? Home equity loans and HELOCs are a popular financing tool these days – but they aren’t your only option. In ...
“The strategy of buying the second place will relate closely to your conversation with the lender.” Be aware of what has changed with your own finances since your last purchase.
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