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Ginny Fey, Realtor
(231) 360-7822
ginny.fey@gmail.com
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Why Buying a Second Home is Getting More Expensive

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Ginny Fey, Realtor ,06/17/2021

According to a recent Nasdaq article, Freddie Mac and Fannie Mae are making buying a second home more expensive.

 

But in terms of financing a second home, Freddie Mac and Fannie Mae have begun limiting how many second homes (and investment properties) they will provide mortgages for by putting a cap on those products that lenders can sell to them. The purported reason is the additional risk associated with second homes and investment properties.

READ THE FULL NEWS ARTICLE

 

If you've been considering finding a second home or a vacation home in Traverse City or the surrounding Northern Michigan area, let's connect. As a Resort & Second Home Property Specialist (RSPS) and someone with 30 years experience working in mortgage lending, I can help you find options.

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Ginny Fey, Real Estate One
511 E Front StTraverse City
MI 49686
(231) 360-7822
ginny.fey@gmail.com

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