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2. How to buy a house from a family member - AOL

   www.aol.com/finance/buy-house-family-member...

   “Standard conventional mortgage guidelines will not allow a buyer to purchase the subject property as a second home or investment property if there is a family or business relationship with the ...

3. How to buy a second home - AOL

   www.aol.com/finance/buy-second-home-180026197.html

   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 ...

4. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   When refinancing, if the homeowner wants to refinance the first mortgage and keep the second mortgage, the homeowner has to request a subordination from the second lender to let the new first lender step into the first lien holder position. Due to lender guidelines, it is rare for conventional loans for a property having a third or fourth mortgage.

5. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage). Because a home often is a consumer's most valuable asset, many homeowners ...

6. 15 Things You Must Do Before Buying Your Second Home - AOL

   www.aol.com/15-things-must-buying-second...

   Lenders will scrutinize your finances to be sure you can shoulder the burden of another mortgage. Prepare for requirements like a 20% down payment, credit score of 720 or higher, and reserves to ...

7. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   Conventional 97 mortgage: This conventional loan, backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, requires just 3 percent down and a minimum credit score of 620.

8. Should you buy a second home? - AOL

   www.aol.com/finance/buy-second-home-191849101.html

   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.

9. Bank statement loan: What is it and who should get one? - AOL

   www.aol.com/finance/bank-statement-loan-one...

   If you qualify for a conventional loan, it’s likely a better option. If you’re self-employed or a gig worker looking to buy a home, a bank statement loan might help. With a bank statement loan ...