Buying Second Homes for Bi-Coastal or Multi-State Residences
July 14th, 2008 Categories: For Buyers, Real Estate
Question:
What’s the best way to obtain financing for someone who travels all over the United States and already has a home outside of California?
Answer:
”Dual primary” is the way we treat the financing for a client that has “two
primary residences”. This way the home-buyer can get better pricing with a
higher loan to value than if the property is treated as a second home.
We offer this for clients that are bicoastal, for example - Business
Owners or Doctors that have offices on both coasts, Venture Capitalists
and Investment Bankers who have clients on both coasts.
For a conversation about your particular scenario and how you can get the best rates, call Dan:
Dan Millstone
First Republic Bank
1888 Century Park East, Suite 1600
Los Angeles, CA 90067
Direct (310) 407-1309
Mobile (310) 295-7476
Fax (310) 407-1395
Email dmillstone@firstrepublic.com
