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Second Home Pricing Adjustors – Is there a Solution? Yeppers!

Mark’s Market Update – 4/11/2022

As of the 1st of April, 2022 – second homes just got a LOT more expensive thanks to some “Loan Level Pricing Adjustors” that Fannie Mae and Freddie Mac tacked on. Here’s how it works:

If you want a NORMAL rate on a second home, putting 10% down – it will now cost you 4.375% in discount points. That’s right. 4.375% of the loan amount in fees just to buy a second home.

But, we’ve figured out, using our awesome powers of creativity, how to cut that cost by 30%, with the SAME downpayment. We want to be your resource. Call us when you want to buy, refinance, or sell – we’ll make sure we put the loan together the right way.