Cumming, Alpharetta and Suwanee real estate and homes for sale in Georgia - John Foster, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo
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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 770-722-7010.

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We purchased a short sale using John Foster
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Mike Rowberry purchased a short sale
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Real Estate Tips
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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Real Estate Trivia
Q 
What Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?

A 
The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street.
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John Foster, REALTOR®, real estate agent and broker for Cumming, Alpharetta and Suwanee, Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

John Foster
RE/MAX All Properties

566 Peachtree Pkwy Suite 120
Cumming, Ga 30041
770-722-7010
Fax: 678-455-3043
JohnFoster@NUMBER1EXPERT.Com

I hold several designations - basically it means I keep up-to-date on the market. I know the short sale process so if you are behind on your mortgage call me - I can make sure you know all your options.

ABR CDPE SFR


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