Second home rates on 3yr Arms

[Stephen Rinaldi]

As many know the rates on second homes jumped in 2021 and since then we have been looking for solutions. To those new to the game there used to be no difference between primary and second homes prior to 2021, if you can imagine. We have created a relationship with lender that will honor the old rules on 3-1 ARM, posting rates in the mid-low 5's. Its a tough market in PA DE NJ MD, especially with rates in the high 6's, but Im hoping that this product brings value this spring.