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What are the requirements for up-front funds for the purchase of a second home in a resort area?

April 26, 2017area funds Home purchase requirements Resort up-front

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What are the requirements for up-front funds for the purchase of a second home in a resort area?

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Typically a Mortgage Company asks for 20% down, there are closing costs associated with the Title Company and the Mortgage Company of approximately 2-3% of the property value and you would want to have your intended purchase inspected by an engineer which would cost about $250-500.