The Winter Olympics in Pyeongchang are starting to wrap up. A few more days and the cauldron will be extinguished. The next Olympics will also be in Asia, specifically Tokyo, Japan in 2020. Those
The Facts About Second Home Financing On Long Beach Island
Financing Long Beach Island Real Estate
There are many ways to obtain financing for a home on Long Beach Island and LBI real estatesecond home financing is a topic it should be thoroughly understood before beginning a home search. Lenders and banks view loaning money on a second home somewhat differently than a primary real estate market. Generally speaking, second home loans are considered to be slightly more risky for a lending institution. Therefore, it is not uncommon to see stricter qualification standards for buyers applying for a second home mortgage. It is important to understand that loan requirements will vary greatly depending on the individual and the lending institution, however there are some common traits a buyer can expect to see. For example, the minimum down payment for almost every second home mortgage is 20%. There are additional ways to finance a second home in the LBI real estate market, the most common of which is simply paying cash.
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New Curbing Requirements in Long Beach Twp NJ on Long Beach Island Curbing Requirements in Long Beach Twp NJ LBI NJ Real EstateA new ordinance was just announced that will have an impact