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Shore Mortgage

Shore Mortgage News and Press Releases PR

Before Becoming a Landlord, Add Up Costs via Wall Street Journal

The volume of loans for second homes rose about 15% last year at Shore Mortgage, and that increase carried into the luxury vacation-property market, said David Hall, president of the Troy, Mich.-based national lender.

A Shore jumbo borrower who plans to rent can expect to make a 30% down payment and an interest rate about one-eighth to one-quarter percentage point higher than for a standard second home...Continue Reading

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Karen Braswell
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