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Home selling during the holidays can benefit you! Mortgage Masters Group Unless you are able to pay cash, you will need mortgage financing to complete the purchase. Ok, by definition, you need to spend at least two weeks a year in occupancy to qualify for second home status. Though you cannot use rental income on a second home to mortgage qualify, you can rent it out from time to time during the year.

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Know the benefits of VA loans, understand the eligibility requirement of VA loans, advantages, We welcome veterans, active-duty military personnel and their families. For single-family homes, VA mortgage loans are capped at $484,350 in most areas of the. Can I use a VA mortgage to purchase investment properties?