I wanted to make you aware of some guideline changes on purchasing and refinancing second homes.
Our maximum loan to value ratio on second homes used to be 80%.
…In other words you had to put down 20% on a second home purchase.
Now we can go up to 90% on second home purchases, or rate and term refinances.
…just wanted to let ya know!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
To see if you qualify for a mortgage right now – CLICK HERE and fill out this simple application.
To sign up for my weekly mortgage quick tips – CLICK HERE.