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.