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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	Where will you find the world's largest indoor waterfall?
A	The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.
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Mortgage Broker: Michael McNamara
Mike McNamara has been a loan officer with Windsor Mortgage since 1996. He has closed over 1400 loans in his origination career.
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The Nimick Team, REALTORŽ, real estate agent and broker for Chicago, Lincoln Park, Lakeview and Bucktown Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Nimick Team, GRI
Keller Williams Lincoln Park Realty
2106 North Clark Street
Chicago, IL. 60614
Direct Line: 773-883-5769
Cell Phone: 773-620-4444
Fax: 773-549-2941
Email: Dave@TheNimickTeam.com
Dave is an established, top-notch Chicago realtor. By relying on his knowledge, experience, and effective communication skills, Dave's clients always feel at ease and are immediately comfortable with placing their trust in him. By consistently focusing on his client's best interests, Dave has enjoyed tremendous success in real estate. Dave considers himself fortunate to have had the chance to provide unsurpassed service, and his clients appreciate his responsive and unselfish approach. Whether working with buyers or sellers, Dave's NUMBER ONE goal is to go the extra mile to deliver outstanding results for his client. Dave utilizes cutting edge marketing and advertising techniques to help achieve superior results. Dave has a firm grasp on the most up-to-date technology involved in an ever-changing real estate market. Dave knows that the 21st Century real estate consumer is tech-savvy -- they want the most information in the least amount of time and want all their questions answered. For all your real estate needs, give Dave a call.

Keller Williams Lincoln Park Realty real estate and homes for sale in Chicago, Lincoln Park, Lakeview and Bucktown Illinois

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