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Blog Image: What to Consider Before Buying a Vacation Home

What to Consider Before Buying a Vacation Home

Buying a vacation home can be a great investment, whether or not you choose to live in it or even rent it out. However, as you probably already know, buying a home is a big deal. Things like your finances and your lifestyle need to be squared away before pulling the trigger, so how are you supposed to know if you’re ready to buy a vacation home? Read on as our team at LamCap Partners walks you through a few things to be aware of. First, Can You Afford It? This should definitely be your top concern before even considering the idea. If you have purchased a home before, it’s hig...

December 17th, 2020 | buying vacation home, vacation home tips, What to Consider Before Buying a Vacation Home

Blog image: Helpful Home-Buying Lingo

Helpful Home-Buying Lingo

The homebuying world is full of complicated words, confusing terms, and acronyms. If you have never bought a home before, all these words and acronyms can be a little overwhelming and very confusing. While there are more terms than what we’ve included, our team at LamCap Partners explains some frequently used terms in the home-buying world below. PMI (Personal Mortgage Insurance) Personal mortgage insurance is a type of insurance that you may be required to purchase if you have a conventional loan. It is usually required when your down payment is less than 20% of the purchas...

December 1st, 2020 | home buying, home buying lingo, loan lingo, Helpful Home-Buying Lingo