Real Estate - How do they do it

Real Estate - How do they do it

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Subject Author Date
Real Estate - How do they do it TMF 07-09-2005
I am living in the states in a NYC suburb - actually NJ. I own a house
that has appreciated almost 100% since I purhcased in 2001.

My question is - everyone seems to have their own challenges - yet I
see people buying second homes and I'm feeling as if I am doing
something wrong here.

What are the tricks here? Does it make sense to put 10% down on a
second home? I'd like a second home - shore community. I do have a
second mtg - line of credit available - but would like to reserve that
if possible. What are my options?

Any advice is appreciated.




other useful resources:
Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
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