I know I need a mortgage Broker

Contact Me Now

Call us for a quick consultation or
to arrange an appointment

Tel: (+1) 941-921-1110

I'm not ready yet.
I want to read some more
about second mortgages

Options for Second Mortgage

Here in Florida buying a second home can be a dream come true for most people. Some things to remember about second homes as they are viewed by lenders differently from a primary residence and differently from an investment properties. A second home is a single family residence (including condos but not time shares) that a consumer will occupy on a part time basis.

Depending on the criteria of the lender a second home can rented out as a vacation rental on as short term basis, but must be occupied by the owner for a portion of the year. A second home cannot be rented on an annual basis. A consumer should talk to a certified public accountant to understand the tax impacts of renting out a second home.

Second Home Mortgage Loans Available in Florida

Renting out a second home for 3 to 6 months can help a borrower off set their expenses. Before you do consider renting your second home make sure you understand the lenders criteria. Most lenders will add a second home ride addendum which may limit or exclude the home from being a rented

Generally second home mortgage loan interest rates run a little higher. FHA, VA, and USDA mortgage loans cannot be used for second homes purchases. Generally only conventional loans with 20% down plus closing cost can be used for the purchase of these homes. Some seller concessions maybe allowed

second Mortgage RatesOur service has been designed to remove the stress and misunderstandings commonly associated with buying a property.

For further information about getting the right mortgage for you and to arrange your 'NO-FEE ASSESSMENT'
CALL US on (+1) 941-921-1110

Our Education Center

The How to

The process
Qualifying for a mortgage
Zero down – VA, USDA & seller concessions
Contractual Finance Clauses -
Loan and Mortgage types
Settlement cost – What is the HUD1?
Good faith estimate – the maximum cost to obtain the loan
The Til – Truth in Lending
RESPA – Real Estate Settlement Protection Act
Mortgage Insurance - PMI
Disclosures – Understanding Disclosures
Servicing – Banks
Economy/ Markets – the impact on rates
Fannie & Freddie – why they important to you
Credit Score – How credit score affect your interest rate
Other FAQ’s

My Mortgage Blog

Read our blog about everything involved in finding, buying and living in your new home from a mortgage brokers perspective.

Read my opinions about legislation, what it means, how I understand it and how it could be improved.

We have online newsletters and classes explaining in layman’s terms how mortgages work and how to choose the best one for you

My Mortgage Blog

Latest Releases and Reports

New legislation halts lump sum payments on reverse mortgages.


New construction is not enough to keep up with demand.


Florida Real Estate has hit the bottom and prices are increasing.