Buy A Second Home
Looking for a home away from home?
You've worked hard to make that second home a reality. Let us make the buying part easy.
Will your new home work with your budget?
What you need to know
|Expand What do I need to know about buying a second home?|
As an experienced homeowner, you already understand the financial aspects of owning a home. However, owning a second home can add other factors that you should consider:
A second home can also be a smart real estate investment if it provides a good rate of return when you sell. As you make your decisions about where to purchase and how much you are comfortable investing, it's a good idea to make sure you balance the excitement of owning a second home with the practical considerations.
The products and process for a second home mortgage loan is very similar to that for your primary residence. You can learn more about your best loan options and get a realistic price range for your search when you talk to your TD Bank mortgage advisor to get prequalified.
Condos can be a popular choice for a second home. Since the value and marketability of condominium properties are dependent on items that don't apply to single-family homes, talk to your mortgage advisor to see if the condo meets our lending guidelines.
NOTE: If you plan to generate rental income from your second home, you will need to secure a mortgage loan specially designed for buying an investment property.
|Expand What if I live in a different state from where I'll be buying my second home?|
If your second home is in a different state, keep in mind that your lender must be authorized to lend in that state. TD Bank operates in 15 states from Maine to Florida – find a TD Bank near your property.
Have questions? Ready to apply? We're here.
Talk to a mortgage advisor at 1-866-325-4516