Monterey County’s 18% drop in home sales is second only to San Francisco’s at 21%. only 24% can purchase a median-priced.
Mortgage Calculators for Second/Vacation Property. Asked by Michael Coffin, Provincetown, MA Wed Feb 23, 2011. I’m crunching the numbers to see how much I can qualify for on a mortgage for a second/vacation property – but ALL of the calculators I can find on the internet are geared towards single-property purchases only.
A mortgage on a second home, whether it’s used for vacation or investment, typically requires the same approval process as a mortgage on a first home. In some instances, lenders apply higher.
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