HOW DO I BUY A SECOND HOME? | MORTGAGES FOR SECOND HOMES

If you're interested in obtaining a mortgage to purchase a second home, there are a few things you should know! I'm giving a deep dive on second homes and showing you some financing numbers!

TAKE CLOSER LOOK 👁️ AT THE 💲 NUMBERS HERE:

00:00 Getting a Mortgage on a Second Home
00:38 Second Home or Vacation Home Classification
01:30 Second Home Used for AirBnB or Short Term Rental?
01:55 Second Home Rider
04:05 Second Home for Investment Home / Long Term Rental
05:05 Mortgage Coach Total Cost Analysis / Financing Break Down

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KELLY ZITLOW, NMLS 164330
Sr. Mortgage Advisor
EVP, Sales & Marketing
480.725.0150

Kelly Zitlow is a Public Speaker, Sr. Mortgage Advisor & EVP of Sales & Marketing with Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. All information presented is for educational purposes only and is used to help you as the viewer in your home buying or selling process.

Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Cornerstone Capital Bank, SSB. Member FDIC. NMLS ID# 2258 | Equal Housing Lender 14635 | N Kierland Blvd Ste 140, Scottsdale, AZ 85254

#secondhome #secondhomeloan #secondhomemortgage

[AlexPerez-mpps]

Thank you so much for detailed on the different options . I’m looking to buy a second home with equity. Love content!!

[Lionsins]

This was actually super informational / helpful.. thank you for this

[destinynichole]

I plan on using my current home as a rental unit. I still have a mortgage. I will profit $500 to $700. The next home I get will be my primary resident. Can you please help me understand how that transition will work?

[edleclair]

THANK YOU FOR PUTTING OUT THIS INFO.VERY HELPFUL.

[Lysha]

Very detailed information. Thank you for explaining it so clearly.

[peterv]

Assuming you own, or have mostly paid off your current home, take out a home equity line of credit for a much as you can, and buy the 2nd home with that. You're borrowing from yourself, so you skip a lot of hoops the banks put you through. We did it, and we've owned the those for 13 years. Just gave it to our daughter.

[hoopdramz]

Thank u looking into buying another house in SANTA BARBARA ca. And rent it out

[ashleywebster]

We just bought our primary residence but in 5 years would like to purchase a vacation home. We are both teachers and don’t make a ton of money but we want to be smart with what we have! What’s the best thing we can do now to prepare to purchase another home in 5 years?

[thedivorceediaries]

This was great! Thank you for sharing!

[Easyservice-xq]

Many things can be done in life if you take your advice

[fortunatopires]

I like your idea so much on YouTube video right now

[Rugrats]

I have one primary home in Florida paid off, I want to get another home where it would be me and my daughter going in half on the house. This will be her first home, the home will be in Raleigh, NC. What type of fixed Lon could we get and what kind of insurance will be have to get. We will be able to
Put 20% down on home and my daughter will be living in it full time while I visit her a few months out of the year.

[realministry]

I'm renting my home but forgot to tell my mortgage company. I have been renting it since September of 2024. Will i get find!!

[sonertokkusgil]

Hi there
If I use the second home as primary residence do I have to rent it out first one right before buy the second one or how does it work to lower my debt income ratio

[ldstiesto]

What a great video. Thanks a lot for the info.

[angelitawilliamson]

Good night I have a 2 family home want to take the equity out of the first home to buy a second home. What is my first step

[armenassaturian]

If the home is an investment property can I use the potential income from rent to help finance me purchasing the property

[angelitawilliamson]

Can I bitty the equity out of Ghent first house and put a deposit down towards the second home

[BrookeLynn-srvy]

I want to rent my current townhome out and purchase a 2nd home which would be a single family and make that my primary residence. How can I go about doing this?

[siestam]

I learned a lot in a short time! Thank you