Buying a vacation home in Michigan
I want to ask about the smartest way to purchase a vacation home? We have no debt except a current mortgage which is a 15 year oan at 2.75%. I pay $2,050 per month. Credit score is 770 and I have around $15k savings. Will my down be 20%? Can I put down 10%? I am looking at a lakefront home worth $150k by krissy167 from Carp Lake, Michigan. Aug 10th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Vacation property / 2nd homes require a minimum down payment of 10%, but you'll get a much better deal at 20% down. I provide home mortgage loans in MN, WI, IA, ND, and SD. Find me at JoeMetzler.com/pre-qual - Cambria Mortgage, NMLS 274132
Ask our community a question.
Get an answer
Related Questions
