All Forum Posts by: Angela Bridgeman
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Post: Vacation / Second Home Financing on Small Multi-Family

Angela BridgemanPosted
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I was able to get a second home mortgage from a local credit union. They required 10% down for a duplex with a 10/25 ARM. After one year I refinanced the duplex into my business name and took the equity cash out. When I refinanced into the business name I had to leave 20% in the deal.