Winnipesaukee Forum - View Single Post - Why is buying a second home nearly impossible?

BroadHopper · 08-30-2012, 02:20 PM

was standard and it is now.

During the RE boom before 2008, i remember banks will allow you to purchase a primary mortgage for a second home if you made the intent that you are going to sell your current home. I knew a number of folks that have two homes with seperate primary mortgage. I bet that created a mess.

08-30-2012, 02:20 PM	#6
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,571 Thanks: 3,207 Thanked 1,101 Times in 793 Posts	20% down was standard and it is now. During the RE boom before 2008, i remember banks will allow you to purchase a primary mortgage for a second home if you made the intent that you are going to sell your current home. I knew a number of folks that have two homes with seperate primary mortgage. I bet that created a mess. __________________ Someday may never be an actual day.