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Knowing the Steps, Qualifications and Eligibility Criteria for Purchasing Vacation Homes

As an existing home owner looking forward to purchasing a secondary residence or vacation home in the far-flung suburbs, it is always advised to be knowledgeable about the loan approval eligibility requirements. Here in the US, especially in states like Arizona, Colorado and Wyoming, there are credible institutions like “Affordable Interest Mortgage” that can help average borrowers connect with A+ certified lenders that provide affordable finance on easy repayment terms, and with the promise of lower down payments. It makes sense to contact one such mortgage brokerage firm that has professionals in the form of loan managers to guide you secure an affordable vacation home mortgage through an accredited bank or financial institution. As the credit score requirement is high, you need to look for lenders that provide loans to individuals even with a low credit score. In fact, to qualify for a second home mortgage, you must adhere to certain guidelines. ·      ...

Learn the Investment Property Loan Rates in the US from a Certified Mortgage Broker

When you’re partnering with a certified mortgage broker or a home loan consultant in the US, you’re bound to know the best home loan rates for buying an investment property. And, if it happens to be a company like “Affordable Interest Mortgage”, they can help you with all the details of the prevailing mortgage rates in states like Colorado, Arizona and Wyoming. Whether it is a conventional home or an investment property, the monthly mortgage rates differ, based on time and the amount borrowed. For example, a conventional 30-year fixed rate mortgage would invite 6.75 - 7% interest, depending upon the lender or bank.   This is why it is best suggested to contact an accredited home loan consultant or a mortgage brokerage agency that can help you shortlist a credible lender, which offers the lowest rates. In fact, an agency which represents a vast network of A+ certified lenders can be your best bet, while choosing a company that specializes in investment property loans. They can g...