Are the rates different for refinancing my vacation home?

Generally speaking, vacation home rates for a purchase or a no-cash-out refinance are about the same as for owner occupied homes. Some lenders charge a small fee for the second home and the terms (maximum Loan-to-Value, Maximum Debt-to-Income are usually a little more restrictive). ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

Rates for 2nd homes are the same as rates for a primary home. Rates may be higher for condo's, and rates can vary by state. But assume same state, same day quote, owner occupied single family home and a single family 2nd home, you should be quoted the exact same rate. I lend in MN WI IA SD ND. Find me at JoeMetzler.com - NMLS274132