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02-19-2016, 02:49 PM
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#13 |
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Senior Member
Join Date: Feb 2015
Location: Lakes Region
Posts: 148
Thanks: 131
Thanked 27 Times in 21 Posts
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Buying an island property
Hello,
I already have a home on the lake, but I'm trying to help a friend who is considering buying an island home. Anyone know if the mortgage process is different? And if he wanted one loan to cover buying home, boat, and upgrading home, can that be done with one loan versus two or three different loans? For an "easy math" instance, home price of $300k, $50k for boat, and $50k for improvements. Do you think he can get one mortgage for $400k? |
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