Buying Highlands Real Estate, Can You Get A Loan?

If you are considering buying Highlands real estate you may be wondering if you can get a loan.  It’s a good question and certainly a stumbling block for many would-be buyers.  For the past few years there have been more cash offers for homes in Highlands and around the nation as many have gone the “buy now, finance later” route. 

Headlines in the news lately have been far more positive when it comes to real estate which leads many of us to believe that lending has loosened, resulting in a higher volume of home sales.  While this is true there is still one sector of the housing market that is tougher as far as lending goes and that is the vacation home market.  In the past lenders from different parts of the country would lend money to second home buyers, now the practice has changed.  Local lending is far easier for today’s home buyers.

If you are considering buying a vacation home in Highlands NC contact us today.  We can offer recommendations on local lenders who can guide you on securing a loan for your new home.  It’s a great time to be a buyer of Highlands vacation homes as long as you can square away a home loan.

Click here to read “Getting a vacation-home loan: no day at the beach” from Market Watch.

 

About the Author
BERKSHIRE HATHAWAY HOMESERVICES MEADOWS MOUNTAIN REALTY has been serving the Highlands NC and Cashiers NC areas offering exclusive mountain real estate and country club properties since 2003.

We recognize that there are many important aspects to consider in making a real estate choice. With that in mind, we listen closely to the needs and desires of each individual customer and work diligently to find the ideal mountain property or to sell your property as efficiently and effectively as possible. However, our job does not stop there.

Once you have made your real estate decisions, we are here to help you in any way that we can. It will be our pleasure to familiarize you with all aspects of the Highlands and Cashiers communities, including home, professional and personal services as well as activities, restaurants, health care and shopping. We will go the extra mile to ensure that your experience in the mountains exceeds your expectations.

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