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You're Now Reading:
Is Now the Right Time to Buy a Retirement Home?
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Is Now the Right Time to Buy a Retirement Home?
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Is Now the Right Time to Buy a Retirement Home?
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

November 2 2010 (Jeff Alan)
vacation home picture
If you’re within a few years of retirement, now might be a good time to consider buying a second home while home prices and mortgage rates are low. It may sound crazy in this economy but taking advantage of what the market has to offer can be enticing.

Buyers who intend to use the place as a second home will pay the same rate as they would pay for a primary residence. A vacation home can be loads of fun, serving as a nice getaway spot for you and your loved ones.

If they intend to rent the property out until they retire and they need the rental income to qualify for the mortgage, lenders will consider that an investment property and charge a half to a full percentage point more.

With today’s current mortgage rates, paying that little bit extra if you need to rent the home until you retire would still give you an interest rate that would be considered historically low. A rental property can also boost your finances, giving you cash flow each month.

You should also think globally when it comes to second-home opportunities, especially if you’re considering a home that you may retire in. Why be bound solely to America, when exotic and low-priced areas of the world also beckon?

And although it seems like everything coming out of the news lately has been bad, with good financial planning, the idea remains “pretty compelling,” says Justin Krane, a certified financial planner in Los Angeles.

Tags: mortgage rates, retirement, second home, rental property, low mortgage rates, low home prices, vacation home

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

November 2 2010 (Jeff Alan)
vacation home picture
If you’re within a few years of retirement, now might be a good time to consider buying a second home while home prices and mortgage rates are low. It may sound crazy in this economy but taking advantage of what the market has to offer can be enticing.

Buyers who intend to use the place as a second home will pay the same rate as they would pay for a primary residence. A vacation home can be loads of fun, serving as a nice getaway spot for you and your loved ones.

If they intend to rent the property out until they retire and they need the rental income to qualify for the mortgage, lenders will consider that an investment property and charge a half to a full percentage point more.

With today’s current mortgage rates, paying that little bit extra if you need to rent the home until you retire would still give you an interest rate that would be considered historically low. A rental property can also boost your finances, giving you cash flow each month.

You should also think globally when it comes to second-home opportunities, especially if you’re considering a home that you may retire in. Why be bound solely to America, when exotic and low-priced areas of the world also beckon?

And although it seems like everything coming out of the news lately has been bad, with good financial planning, the idea remains “pretty compelling,” says Justin Krane, a certified financial planner in Los Angeles.

Tags: mortgage rates, retirement, second home, rental property, low mortgage rates, low home prices, vacation home

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

November 2 2010 (Jeff Alan)
vacation home picture
If you’re within a few years of retirement, now might be a good time to consider buying a second home while home prices and mortgage rates are low. It may sound crazy in this economy but taking advantage of what the market has to offer can be enticing.

Buyers who intend to use the place as a second home will pay the same rate as they would pay for a primary residence. A vacation home can be loads of fun, serving as a nice getaway spot for you and your loved ones.

If they intend to rent the property out until they retire and they need the rental income to qualify for the mortgage, lenders will consider that an investment property and charge a half to a full percentage point more.

With today’s current mortgage rates, paying that little bit extra if you need to rent the home until you retire would still give you an interest rate that would be considered historically low. A rental property can also boost your finances, giving you cash flow each month.

You should also think globally when it comes to second-home opportunities, especially if you’re considering a home that you may retire in. Why be bound solely to America, when exotic and low-priced areas of the world also beckon?

And although it seems like everything coming out of the news lately has been bad, with good financial planning, the idea remains “pretty compelling,” says Justin Krane, a certified financial planner in Los Angeles.

Tags: mortgage rates, retirement, second home, rental property, low mortgage rates, low home prices, vacation home

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.