Skip to Content

Category: Second Time Homebuyer (7 Articles)

November 17, 2022 | 4 minute read

Interest Rates are Up, So Why Buy Now?

  Rising interest rates have caused some potential homebuyers to hit pause while shopping for a new house. It’s a predictable reaction to the cataclysmic swing in the market since mid-2021.  As of November 2022, loan interest rates are More

August 19, 2022 | 13 minute read

The Top 5 Challenges of Second-time Homebuyers

The Top 5 Challenges of Second-Time Homebuyers They say practice makes perfect. So you would think that buying a second home would be easier than buying the first.  Well, not necessarily.  While it’s true that ... More

How to Compare Your Second Home Mortgage Loan Options
February 28, 2022 | 6 minute read

How to Compare Your Second Home Mortgage Loan Options

How Does Someone Buy a Second Home? For a lot of people, owning a second home means owning a vacation home. Unless you've won the lottery, you’ll likely need a second mortgage to purchase one, and that can be expensive. Cost is why a vacation home remains ... More

October 30, 2021 | 5 minute read

Realtor or Lender – Which Should You Choose First?

Is it smarter to select a Realtor or lender first? Find out what you need to know when choosing a real estate agent and a mortgage lender – as well as some tips for selecting the best partners for your home purchase – with help from Summit Mortgage. More

June 17, 2020 | 6 minute read

Mortgage and Refinance Options for Families Who Have Outgrown Their Homes

A growing family doesn't necessarily need to start looking for a larger home. In fact, the best home option could be the one they are already living in, providing they can afford to make a few renovations. In many situations, it’s more affordable to improve the home you currently ... More

Second-Time Homebuyer Downpayment Strategies
April 23, 2020 | 8 minute read

Second-Time Homebuyer Down Payment Strategies

Do Second-Time Homebuyers Need a Down Payment? The quick answer is yes, it is almost certain that you will need a down payment. How much do you have to put down on a second home? That answer will depend ... More

Back to top