Second home

Second home

  Home | Guides | Register Now! | Search | About
 misc.invest.real-estate    Post an article   get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content
 Second home bolt thrower Reply Send to a Friend   Print
 
Subject Author Date
Second home bolt thrower 10-18-2005
Howdy gang.

My wife and I own a home in one city, and I work in another (about 80
miles away). I'm commuting right now, but we are thinking about buying a
small (small!) home in the city where I work that I can use as a stay-over
on late nights. Initially I was living with a classmate/roomate, and
paying rent got old. Now putting miles on the car is getting old.

We've been in our current home (our first) for two years now. I'm just
wondering how to get the ball rolling on a second house. Will the loans
be different? Are there special things we need to do or take care of?
Will it be "OK" from the standpoint of loans, taxes, etc, for me to live
half of a work week at one place and the other half at another? We're not
sure how to go about figuring if we can get a second home.

Thanks for any advice.


--
569@72649.266



other useful resources:
Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
Movie-Corner.com Movie Blog