Buying a second home?
Check out our tips just for seasoned homebuyers!

You can save time, money, and frustration when buying a second home by working with the best Mortgage Lender. Just like you shopped for a bank or a financial advisor, we recommend you shop for your mortgage lending partner. Zachery Adam of Go Prime Mortgage offers free advice with no strings attached. See the tips below or call Zack at 831-226-1210. 

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Tips for Buying a Second (or Third, or Tenth) Home 

Every homebuyer can use the advice of an expert, even when you’ve done this before. The industry changes all the time, so having access to the most up to date information is essential. Below are some tips to consider when you’re buying a second home: 

To determine your budgetkeep all your expenses in mind. This isn’t just your mortgage payment but also maintenance, utilities, taxes and insurance. 

There are also up-front costs when you want to do any work to the property such as remodeling or landscaping. Plan your budget accordingly when starting to look for you next home.  

 Schedule a meeting with Zachery Adam of Go Prime Mortgage,  an independent mortgage lender who works with you.

We work with you

To plan for your finances and buying a second home, here are some guidelines we recommend.

 

You should have: 

  • Money for a down payment 
  • Savings toward your retirement 
  • An emergency fund to cover non-vacation expenses 
  • Savings for family (such as college or weddings) 
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Servicing your debt, including the purchase of your second home, should consume less than 45 percent of your gross income every month. Refer to your debt-to-income ratio if you’re unsure how close you are. 

If you’re buying a home as an investment property, research the real estate trends in Santa Clara county and around the Bay area. Review historical data to discover how the property, neighborhood and municipality values have fluctuated. An investment requires knowing more than just the sales price. 

Don’t feel like you need to rush into a decision. Before you start shopping around for the right property, shop around for the right mortgage lender. Hold out for the best match. 

For a complete and inclusive mortgage solution, Go Prime Mortgage will be your partner with honesty, transparency and integrity. Go Prime Mortgage is the complete package when you compare our services to banks and other independent mortgage lenders.  Apply Securely Online today.

 

Get More Information 

The links below offer more information about the mortgage process. Discover why you can trust Go Prime Mortgage to finance your California home purchase. 

Making the biggest investment of your life so far means it’s important to find a lender with whom you connect. Learn as much as you can about the home-buying process. As a first time homebuyer make sure you find the right house and get the right mortgage.

Loan Products

Go Prime Mortgage offers more mortgage types than most banks. Review the variety of mortgage loans and read their descriptions. To understand the differences call Zachery 

Mortgage Tips

If you’re applying for a mortgage here’s an invaluable list of things to do or avoid during the process. Even seasoned real estate investors can use a refresher. Get good advice on the dos and don’ts of buying your first home in the Bay Area.  

Checklist

What do you need to apply for a loan? The answer is different for everyone. Heres a complete list to give you an idea. While you won’t need everything on this checklist, review it to get an idea of what your independent mortgage lender will ask about. For a more specific list, send Zachery a message. 

F.A.Q.

Everyone has questions about buying their first California home and applying for a mortgage loan. This page answers the most common questions people have. These frequently asked questions are a resource for you. See if your questions are answered here. 

Homebuyer’s Guide

Law requires that you be provided the homebuyer’s guide when you apply for a loan. Before you dig into the massive text, heres a helpful summary. You will get a copy; but this page summarizes what’s in that disclosure. 

Glossary

As you explore the rabbit hole of mortgage loans, you’ll come across terms and acronyms that you don’t know. Look here for help.  You’re not expected to know all the terms and phrases. Look here first or ask any questions you may have. 

Enjoy a mortgage process built for the modern world.

Borrowers can easily complete a loan application, upload supporting documentation, eSign disclosures, and monitor the status of their loan — in a single, easy-to-use location. Apply Securely Online

Find out how Zack can help you 

Since opening in 2005 our mission has always been to deliver mortgage loans at the most competitive rates in the country. Go Prime Mortgage is an independent mortgage lender able to do business in California. Call Zachery at 831-226-1210 or get in touch with him online to find out how an independent lender can help you buy a second home. There is no obligation, and Zachery loves helping second home buyers. 

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Contact Info

325 Soquel Ave Santa Cruz CA 95062

831-226-1210

Zachery@GoPrime.com