 |
|
|
|
|
Friday, July 30, 2010
|
|
|
|
Liz Turner
800-730-7032 Toll Free
252-261-4183 Office
Duck
1184 Duck Road
Duck, NC 27949
800-730-7032
Liz Turner
800-730-7032 Toll Free
252-261-4183 Office
Duck
1184 Duck Road
Duck, NC 27949
800-730-7032
|
- Prequalifying
The first step to prequalification is to contact a lender in your local area or drop by any of our financial institutions during your next visit to the Outer Banks. Knowing in advance how much you can afford will help alleviate a lot of stress during your search and it adds a sense of security for the seller when an offer is presented. Let your REALTOR® guide you to the most knowledgeable lenders in our market.
- Owner Financing
Owner financing is rare but available. Some owners are willing to actively participate in the financing of the home for the buyers. Owner financing usually involves balloon payments.
- Investor loan vs. Second home loan
The main determining factor between an investor loan and a second home loan is whether the property will be rented out. If the property is rented out for any period of time, it is considered an investment property. Traditionally, interest paid on a vacation home (investment property) is tax deductible. Contact your financial advisor for more information.
- Prequalifying
The first step to prequalification is to contact a lender in your local area or drop by any of our financial institutions during your next visit to the Outer Banks. Knowing in advance how much you can afford will help alleviate a lot of stress during your search and it adds a sense of security for the seller when an offer is presented. Let your REALTOR® guide you to the most knowledgeable lenders in our market.
- Owner Financing
Owner financing is rare but available. Some owners are willing to actively participate in the financing of the home for the buyers. Owner financing usually involves balloon payments.
- Investor loan vs. Second home loan
The main determining factor between an investor loan and a second home loan is whether the property will be rented out. If the property is rented out for any period of time, it is considered an investment property. Traditionally, interest paid on a vacation home (investment property) is tax deductible. Contact your financial advisor for more information.
|
|
|
| |
|
Richard Hess - Sun Realty 1500 S. Croatan Hwy.Kill Devil Hills, NC 2948
Phone: 252-441-8011 | Toll Free: 800-801-7861 | Cell: 252-256-2112 Email: RichardHess@SunRealtyNC.com| Fax: 252-441-7184
|
|
|
| |
|
Richard Hess - Sun Realty 1500 S. Croatan Hwy.Kill Devil Hills, NC 2948
Phone: 252-441-8011 | Toll Free: 800-801-7861 | Cell: 252-256-2112 Email: RichardHess@SunRealtyNC.com| Fax: 252-441-7184
|
|
|
|
|
|
|
|
|
|
|