Soak up the sun, spend weekends with friends and family, and enjoy the warm summer weather at a new lake property. If buying lake property has always been on your list of things to do, we are here to help make your dream come true. You can learn more today by contacting our experienced team of Mortgage Bankers.
Is buying a lake property right for you?
- On a second residence, homeowners who need financing use a conventional mortgage for purchasing lake property.
- A conventional home loan may only require a 10% down payment.
- Homeowners often tap into the equity of their first home to secure financing for lake property.
This information offers general advice and is not intended to be legal or tax advice. Consult your attorney, tax accountant or other professional.