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Mortgages For Second Homes and Investment Properties - Still Viable
 
In today’s mortgage marketplace, many home loan products that seem to go away for some time are making a strong come back, but in ways that makes sense. Home loans for second homes or in other words, vacations homes and home loans for investment properties are available and viable in today's mortgage market. Of course, the standards are a little different than for the purchase of a primary residence (a home you will live in), but there are still affordable options given the current level of interest rates and house prices.
 
 
 For starters, you will need a down payment for the purchase of a second home or investment property and it will be need to be more than 0% or 3.5% as you cannot use a FHA home loan or VA loan to purchase one of these properties.
 
 
 Second homes or vacation homes are homes that a homeowner does not live in year around, but does also not rent out. These homes generally have to be in a different metropolitan area then where the homeowner lives primarily. For instance, if you own a primary residence in Phoenix, you may call a home in Tucson or Sedona a second ... more

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