NMLS: 337919

CA BRE: 01454300

Buying a second home is an incredible accomplishment—we'll help you get it done

Have you been toying with the idea of purchasing another home or property? If so, now could be a great time to make that investment. Interest rates still continue to be low by historic standards, and many home prices are affordable for the right buyer.

 

Scouting the market

One way to start off the search for a second home is to find a real estate agent who is familiar with your desired location. This partner could fill you in on aspects such as weather and traffic patterns, help you evaluate the location and amenities of a property and provide information about comparable sales.

 

What sort of return should you expect?

The answer to that question really depends on how long you plan on owning the home. While some people like to quickly flip the property and make some fast cash, others would prefer to enjoy the property and let it appreciate with the market. Either way, there are both risks and rewards to consider before making your decision.

 

How will this affect my insurance?

The location of your second home will likely affect your insurance rates. For example, beach homes should factor in flood insurance, whereas a second home in the mid-west would not likely require earthquake insurance. Some insurance providers worry that second homes may be neglected and not properly maintained. This too can effect your rates.

 

Repeat Home Buyer: Loan Programs

 

  • FHA Loan
    Purchase your home with as little as 3.5% down!

  • 30-Year Loan
    Lock in a low monthly payment and get peace of mind that it won't change.

  • VA Loan
  • Are you a U.S. Armed Services Veteran? If so, take advantage of a loan that may not require any down payment at all. Plus, enjoy a PMI-free monthly mortgage (no required mortgage insurance!)

 

Let LifeSource Mortgage help you find the program that is right for you. Contact a specialist today—we can get you pre-qualified and find you the loan that best meets your needs.

 

MORTGAGE CALCULATOR

Working with LifeSource Mortgage

  • Exceptional Personalized Service—As a small, independent, family mortgage company, we care about our clients and our reputation. Serving you is our priority.
  • The Best Mortgage Rates—We have the ability to shop interest rates from several lenders. Doing so gives our clients the best rate for their mortgage.
  • Increased Chance of Approval—Combining the service of our knowledgeable loan officers with our access to several lenders gives us the ability to find the lender who will offer the highest probability for your home loan approval!

 

Give us the opportunity to earn your trust and prove why we're the best in California!

 

Begin your home loan process today. LifeSource Mortgage advisors are standing by to assist you. Get your personalized rate quote—FREE!

REQUEST A QUOTE

Contact Us

Office: (949) 492-2252

Cell: (949) 274-1907

Email: info@LifeSourceMortgage.com

 

Orange County Office

1238 Puerta del Sol, Suite 2E

San Clemente, CA 92673

 

LifeSource Is Your
California Mortgage & Refinance Specialist

Real Estate Broker, California Bureau of Real Estate, License #01869699, NMLS #321759

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