You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

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Tami Rapaport's Team
Coldwell Banker Residential Brokerage
130 Dean Drive
Tenafly, NJ. 07670
Direct Line: 201-227-2045
Cell: 201–665-5558
201-567-7788 ext. 127
Fax: 201-567-3220
Email: Tami@TamiRapaport.com

Tami Rapaport, a President's Premier Agent with Coldwell Banker (top 1% of the highest sales within the company internationally) has been ranked #5 in 2009 out of 3,800 Coldwell Banker agents throughout the entire state of New Jersey.... Tami is the only Realtor in Tenafly to achieve Eastern Bergen Board’s Platinum Level Circle of Excellence Award 8 years in a row (2002 – 2009) Additionally, Tami Rapaport has been named the Tenafly office Salesperson of the Year for 2008.........an honor she has received consistently for the past 9 years.

"Tami's level of commitment is incomparable. The honors she continues to earn are a reflection of her dedication. She knows the market, she listens to her clients and she delivers as they have come to expect her to." Karen Murphy, Coldwell Banker, Tenafly Manager

“To produce so impressively in a changing and always competitive market is a testament to your ability in business and your effectiveness at encouraging trust and enthusiasm among customers. You are a credit to our profession, a prime resource for your clients and a valued member of the NRT family. I thank you for your effort and wish you all the best in future success.” Bruce Ziph, President and CEO, NRT Inc.

“Thank You for following through on all the details throughout the closing! We really appreciate your hard work in getting this deal done!” David Kevorkian, Seller of a Tenafly home

“Thank you for all your efficient services. I appreciate you!” Ann Davis, Landlord of rental home in Haworth

Look for weekly update of homes sold in different towns throughout Bergen County. Join our mailing list and you we will sent you a free list of sold homes. Go to www.SoldHomesReport.com