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Cramer: Forget About Buying A Second Home

MainStreet.com, September 10, 2008 — ...Right now the banks are having a hard time securitizing second-home loans. Fannie Mae hasn't been willing to take them, perhaps because of this crisis. They ALWAYS used to have a program set aside for second homes. The banks don't want to get stuck with them.

...When the rich are getting turned down for second-home mortgages, it is a sign that the prices are simply illusory UNLESS you can buy in cash. Perhaps that's next down the road as the price of real estate grounds down.
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Vacation Homes For Sale and Vacation Rentals

NH Ski Home

Listed by David Emmet


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Address: 57 Cranmore Rd
City: Conway
State: NH
Zip: 03860
Country: USA
Neighborhood: North Conway
Price: $315,000
Beds: 5
Baths: 2
Floors: 2
Year Built: 1950

Garage Size: 1-car
Square Feet: 1,899
Lot Size: .35
Annual Property Tax: 3,180
Status: Active
mls: 2710002


Full Description: If you are looking for a ski house where walking to Cranmore and North Conway top your list, here you go.From the street its hard to believe there are 5 great bedrooms, so come on in and take a look. New tile in kitchen w/radiant heat, newer roof, furnace, paint, carpet. Wood fireplace and woodstove. Town water and sewer. Really a great house.
Home Features
  • Mountain Views , 
  • Alarm, 
  • Cable/Satellite TV, 
  • Fireplace, 
  • Hardwood Floors, 
  • Microwave, 
  • Washer/Dryer
Community Features
  • Hiking , 
  • Mountains, 
  • Sports Complex
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Listed by: David Emmet
Phone: 603-356-7200 ext 31
Fax: 603-356-6161
Homepagehttp://www.jtrealty.com/david.html
Info: Whether you're selling your home, condo or land, or looking to buy any kind of real estate in the Mount Washington Valley area of New Hampshire's scenic White Mountains, I'll provide the most knowledgable service I can, and help you achieve your real estate goals. Every day I learn something new about a neighborhood, a development, new properties on the market, and new ways to make everything easy for you.



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