Colorado offers beautiful views in every direction and our brokerage firm can help you buy or build the home of your dreams! A place you go to get away from work and the rest of the world… a Second home! Every one dreams of one day having that beautiful mountain get away on the ski slope, the cozy little cottage in the woods, or the cabin on the prairie that only Colorado can offer. Second homes are somewhere that you spend less than half of your time. Your primary residence is where most of your time is spent. If you are thinking about purchasing a second home there are a few things you need to know. When purchasing a second home, lenders are going to look at your Debt to Income Ratio (DTI). Your DTI is exactly what it sounds like your debt and income. Lenders will look to see if your income will support your existing debts (current mortgage, credit cards, car loans, etc.) as well as a new mortgage on your second home. You have to be able to carry your existing mortgage on your primary home, as well as any other debts such as credit cards, student loans, auto loans, etc..
Taylor Mortgage Group offers a huge variety of loans from vacant land loans, construction loans, investment properties and second homes. Please see our list below to find the right loan for you! We look forward to assisting you in purchase of your dream home or property. Feel free to contact us at any time at 303-884-9393 or 303-339-5950!