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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

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 you might have more insight into the process and have ... 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

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