Hello:
Looking to purchase a Second Home in Florida? What are the rates up to ?!
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I wanted to get this information together to help my clients purchase these Second Homes again; if you are not aware, these loans took a massive blow from FNMA in January 2022, when they released a recent fee change to these loans.
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Here is the announcement -
https://singlefamily.fanniemae.com/media/30326/display
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Essentially they have significantly increased the costs associated with purchasing a second home with a conventional loan. Even if the client is okay with the higher costs, they still could not purchase them, because those higher costs now trigger high-cost compliance laws within the banks. So, we can't do these loans, especially when they are above 726K as a loan amount or what they call High Balance Loans. But, I want to show you a way we could in this market.
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I have included the Second Home Conventional Loan Purchase options with as little as 10% down for your review. You will see the most affordable options in today's market by using a little known purchase strategy called the "seller buydown" (SBD). Please see the total cost anlysis and resource links below.
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Upon your review, please call my office at 386-301-7965, so we can discuss your exact needs and to answer any questions you may have. Rates move daily so if something catches your eye let’s discuss very quickly.
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These are LOW RATES!!! You can see more about me now at
http://www.KesslerHomeLoans.com or AT MY ONLINE APPLICATION -
http://www.MyMortgageGuyTOM.com
I look forward to working with you.
Thank You,
Thomas Ooten
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IMPORTANT RESOURCES:
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How To Make Second Homes Affordable
https://homeloansbythomasooten.com/presentation/41265/
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Do You Have to Pay Taxes on Vacation Home Rental Income? | 2nd Homes
https://www.homeloansbythomasooten.com/resource/60184
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Investment Property Resource Center | Know Your Strategy
https://www.homeloansbythomasooten.com/resource/45184/
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When is Mortgage Interest Tax Deductible?
https://homeloansbythomasooten.com/resource/60432/
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How to Calculate the After-Tax Cost of Your Mortgage | True Interest Rate
https://homeloansbythomasooten.com/resource/58222/
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How the 2023 IRS Inflation Adjustments May Impact You
https://homeloansbythomasooten.com/resource/48471/
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Your Total Saving Analysis Report -click here or the pic below -
https://mcedge.tv/6jvqqt