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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 On Conway Lake

Listed by Joy Tarbell


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Address: 60 Breezy Point Road
City: Eaton
State: NH
Zip: 03832
Neighborhood: Conway Lake
Price: $449,900
Beds: 2
Baths: 2
Floors: 1
Year Built: 1960

Square Feet: 980
Lot Size: .43 acre
Status: Active
mls: 2731049


Full Description: Throw Away the Wishbone, your wish is here: A rustic cottage on the shores of Conway Lake, with a guest house, dock, and cool wooded setting. You will be living the dream as you play in the water all day and relax by the campfire at night. Plus your guests will love having their own space! Act now as others may share your wish.

Put yourself on one of the beautiful lakes in the White Mountains at an affordable price. Includes a stone fireplace, wood stove, economical electric heat, guest house and dock. 100' lakefront.
Home Features
  • Mountain Views , 
  • Cable/Satellite TV, 
  • Fireplace
Community Features
  • Boating , 
  • Lakefront , 
  • Mountains
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Listed by: Joy Tarbell
Phone: 603-356-7200 ext 11
Mobile: 603-986-8188
Fax: 603-356-6161
Homepagehttp://www.JTRealty.com
Info: I specialize in luxury homes, particularly lakefront and trailside homes. I also have many long-term clients who buy and sell properties regularly. I try to help all of my clients maintain a profitable real estate portfolio, keeping them apprised of market conditions. I make sure my buyers know about well-priced properties that meet their specific criteria. When the market is ripe for selling certain properties, my long term clients are the first to know. I am your personal Realtor.




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