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Second home mortgage requirements can be more strict than mortgage requirements for your first home. For example, many lenders require you to put at least 10 percent down on a second home. There ...
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...
The home inspection and home appraisal are crucial steps for buyers, and both can make or break a deal. Both involve a professional visiting the property for an in-person evaluation, but they’re ...
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Continue reading ->The post 6 Factors to Consider When Buying a Second Home appeared first on SmartAsset Blog. You put as much money as you can away for retirement, you support your family and ...
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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.