A second home can serve many purposes. It can be a place to recharge, an opportunity to generate rental income when you’re away, and a way to build equity that may benefit you in the future. It can also offer the potential for long-term appreciation. The best part? Purchasing a second home is often more achievable than many people expect. With Atlantic Coast Mortgage (ACM), you’ll have a knowledgeable and experienced team ready to help guide you through the process.
Why Consider a Second Home?
For many buyers, a second home provides both personal and financial value. Depending on your circumstances, it may:
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Offer a vacation property that enhances your lifestyle
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Provide the ability to rent it out when not in use
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Allow you to build equity over time (which may be accessed later, subject to loan terms)
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Serve as an asset that has the potential to appreciate in value
What to Know About Financing a Second Home
The idea of financing a second home can seem overwhelming, but there are helpful guidelines that may make it more attainable than you think. For example:
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A second home purchase may be possible with as little as 10% down or up county loan limits.
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Mortgage insurance may be required initially but may be removed once you reach 20% equity, subject to investor and servicer requirements.*
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You may be permitted to rent out your second home, provided you also use the property for part of the year.
Why Work With Atlantic Coast Mortgage
Every borrower’s situation is unique. That’s why having a trusted guide matters. At Atlantic Coast Mortgage, we take the time to understand your goals and provide clear guidance through each step of the home financing process.
Ready to Explore Your Options?
If you’ve been considering a second home, whether for lifestyle, rental flexibility, or long-term planning, the first step is learning what financing options may be available to you. Start the conversation today by visiting www.acmllc.com.
C21 Redwood partners with Atlantic Coast Mortgage to offer clients, friends, and family an exceptional mortgage experience that helps guide them through every step from “What’s Next?” to “Welcome Home!
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* Eligibility for all applicants cannot be guaranteed. Atlantic Coast Mortgage (“ACM”) and Century21 Redwood Realty are separate entities and are not affiliated. Consumers are not obligated to use either or both entities to obtain financing or purchase a property.
