2nd home loans are a very standard product and most brokers have access to numerous lending sources.. so it shouldn't be difficult.. to know for sure what terms to expect, you should contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
Good Evening, My name is Tim Miller I am the Branch Manager of Advisors Mortgage. We treat Second homes in the same sense as Primary homes in regards to interest rate. However there are some guidelines to follow. I can get more in depth when we speak. You can visit my web site at: tmillerloans.com. My cell # is 609-352-5367.
I work for PNC Bank We can oll 80-10-10 loan to purchase a property witha little as 10% down with No PMI: Contact me 732-501-4349 or jim.mazzola@pncmortgage.com
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