Washington State has so many great areas for folks to vacation in. From the deserts in eastern Washington, rugged mountains, the Pacific coastline or the San Juan Islands; I think our state pretty much has it all to offer. It’s no wonder I’m seeing more clients taking advantage of lower home prices and interest rates to buy a second home.
Mortgage rates are essentially the same for a second home as they would be for a primary residence. Here are some requirements lenders have for financing an vacation (or second) home:
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