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    cond home buyers?

    Second homes by nature require higher debt-to-income ratio a

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    The National Association of Realtors reported that nearly 1/3 of all homes sold in 2005 were second homes. A record number of second home sales, and 2006 is expected to be nearly as strong! So why are lenders so critical about second home lending? Often requiring higher rates, larger down payments and more diligent underwriting for second home buyers?

    Second homes by nature require higher debt-to-income ratio al

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    005 were second homes. A record number of second home sales, and 2006 is expected to be nearly as strong! So why are lenders so critical about second home lending? Often requiring higher rates, larger down payments and more diligent underwriting for second home buyers?

    Second homes by nature require higher debt-to-income ratio a

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    be nearly as strong! So why are lenders so critical about second home lending? Often requiring higher rates, larger down payments and more diligent underwriting for second home buyers?

    Second homes by nature require higher debt-to-income ratio a

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    n requiring higher rates, larger down payments and more diligent underwriting for second home buyers?

    Second homes by nature require higher debt-to-income ratio a

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    cond home buyers?

    Second homes by nature require higher debt-to-income ratio allowances, because the buyer/borrower must be able to afford 2 homes. The taxes, insurance and maintenance that comes alongs with the privledge of multiple home ownership is considered additional risk.

    Lenders beleive that if a buyer is going to default on a mortgage, they will default on a second home, and then their primary. So

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