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Interest Rates >Second Home Financing

You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

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Q	What does the term Curb Appeal mean?
A	This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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The Levy Team, REALTORŽ, real estate agents and broker for Washington DC, Columbia Heights and Takoma Park District of Columbia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Levy Team
RE/MAX Allegiance Realtors
1720 Wisconsin Avenue NW
Washington, DC 20007
Office: 202-364-1515
Toll-Free: 800-880-8583
Fax: 202-726-2418
Email: levyteam@NUMBER1EXPERT.com
Information: info@levyteam.com
The Levy Team consists of three experienced full time Realtors(R) plus support staff and a host of skilled workmen and allied professionals. As Top Real Estate Agents serving the entire Washington DC Metro area - from Northern Virginia to Baltimore, MD including Columbia Heights, 16th Street Heights, Silver Spring, and Takoma Park real estate market - Ellen and Barry Levy and Reverend Grace Caputo offer you an impressive array of resources for ALL of your real estate related needs. We truly mean it when we say "One call does it all."

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