Re: Second Home Mortgage -- Internet Lenders??
Buying with cash is a lot easier.
I closed on my current house in 10 days. Actually had the keys and was in it in 9 but legally wasnt mine until the next day. The seller agreed to a much lower price when I told them we'd close that fast and my cash payment was already confirmed - home was already vacant and they wanted the $$$. No waiting 3 months for the financing to clear like I had to do when I sold my old house :P
I paid $252k when several almost identical homes on the same street went for $265-270.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.