---

mortgage 2nd home in fl

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Tonik1022 Joined: 19 Mar 2011 Posts: 1 1.23 Dollars($)	Posted: Sat Mar 19, 2011 9:09 am    Post subject: mortgage 2nd home in fl Like 0 Dislike 0 What is the minimum down payment needed to purchase a 2nd home in Fl.
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Sun Mar 20, 2011 8:19 am    Post subject: Like 0 Dislike 0 Hi Tonic 1022, Welcome to Mortgage fit, Most of the lenders put a restriction that distance of the second home should be within 100 miles area from the primary residence...and if the clause is not adhered, property will be considered for the purpose of investment/rental property.... Most of the time down payment is 10 % but if the area of the property is where property prices are declining then lender may ask for 15 % down payment.If the property is considered as condominium then most of the lenders would ask you to put down 20 %. Feel free to ask any further query if you have.... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0