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NM Real Estate Tips
Interest Rates >Second Home Financing

You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

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Real Estate Trivia
Q 
Due to low business and living expenses, what areas are considered to be the fastest growing in the country?

A 
According to recent studies, the Southern and Western regions of the U.S. are among the nation's strongest economies.
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Sean Remington & Associates, REALTOR®, real estate agent and broker for Rio Rancho, Corrales and Albuquerque New Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)

Sean & Christine Remington
Keller Williams Realty

6240 Riverside Plaza Lane NW #100
Albuquerque, NM 87120
Sean: 505-307-4006
Christine: 505-977-2004
Fax: 888-291-7121
Sean's Email: Sean@SeanRemington.com
Christine's Email: ChristineRNM@gmail.com

Don't leave such important decisions in the hands of just any real estate agent. Trust one of New Mexico's Top Real Estate Teams who makes it look fun and easy; Sean & Christine Remington. Having gone the extra mile to pursue extended education in real estate coupled with a heavy volume of experience ensures that when choosing to work with Sean & Christine - you have made the right choice.


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