Need advice on a vacation home

You need to put down 10%, rates start out in the low 4's if you have good credit. Barclay Butler. 224-420-9990. www.barclaybutlerfinancial.com

Residential mortgage loans for second/vacations homes are available for qualified buyers at the same rates as primary residences. Rates are in the mid 3's for 10 and 15 year terms and a bit higher for longer terms. The loan to value will be lower, normally beginning at 90% with mortgage insurance. Post closing reserves, good credit history and conservative debt to income ratios are a must for second home financing. Carlos Eliseo 561-252-1552 for more info.