Situation: Irene, a self-employed graphics designer with a national clientele wanted to relocate to Asheville. Her realtor found her a great house that was listed below appraised value and was in close proximity to a piece of investor property that she already owned. This made the property a great choice for her future second home as well as a good investment.

Problem: Irene needed a year before she was ready to move her business but wanted to purchase her second home now. Irene wanted to put down 10% to get the best rate on a 2nd home, but if she did this she was going to be short of the cash to keep her business reserves healthy.

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