If you’re ready to have a place closer to the grandkids, or if you’ve always wanted the ability to escape the city for a few days, start your journey armed with information. The world of real estate has been shifting over the last few years, particular here in North Texas, and having someone who understands the environment can be a real help. So, when you’re ready to have a discussion about purchasing a second home, reach out to a trusted, local mortgage professional.
Here at Family Home Loan Texas, we understand the needs of the North Texas homebuyer. From first-time purchasers to experienced owners, we are here to help people find their way into beautiful homes, and we can help you to know your options. Buying a second home is something that is important to many Metroplex residents, and when you’re ready to make the move, we’re here for you. Take the time to learn more about your next steps.
Ready for an additional property? Call Family Home Loan Texas today, and we’ll work to find your path.
Need To Know More Real Estate Information?
From first-time homebuyers to those looking for another place, we understand that the world of real estate can be complex, if not confusing. The market here in North Texas is not the easiest to know, either, and there have been some major shifts over the last few years. Property valuations shot up dramatically during the pandemic, leading many to stay where they were. But now, things are starting to change.
With the shifting real estate market, homeowners are taking a look at their options. For some, that means researching what it takes to purchase a second home. This can be a really rewarding experience for those who have just reached retirement, or those just looking for an escape from the chaos of the city. But it can also be a challenge, and we’re here to help you navigate the move.
Purchasing A Second Home Takes Planning
When making moves to own a second home, you want to make sure that you have what it takes. For example, banks often require a higher down payment on second homes, sometimes as high as 25%. This is significantly higher than the down payment needed for a primary residence, so it’s something to keep in mind. For those who have reached the age of 62, a HECM loan could be used to purchase an additional property, either for personal use or investment purposes. If this is something you have considered, talk to our team about your next steps.
Learn More With Family Home Loan Texas
Making a significant purchase like a second home is a serious thing to consider. When you’re ready to make the move, call FHL Texas in Frisco, TX at (214)447-7575.
