Have a look at the most frequently asked questions we receive. If you have a question that is not listed here, give us a call today, we would be happy to answer.
A short sale is when the lender is willing to accept less than the amount that is still owed on a mortgage. For a sale to actually be considered a short sale, there are two factors that must qualify as being true:
- The homeowner must be so far behind on their mortgage payments that they are unable to catch up.
- The market is down so much that the house is worth less than the remaining balance is on their mortgage.
This depends on the type of loan that you are getting as each one is different. Give us call to discuss your specific situation and we can help you determine if you need a down payment and how much is ideal for your purchase.
Contact me to set up an in person meeting to provide to you the information you need to get your investing strategy underway.
In collaboration with a variety of lenders we can assist every step of the way in getting you the financing you need to purchase your home.
At ERA Key Realty, we offer first home buying seminars! We also offer in person consultations to review the process in detail and answer any questions you may have about the home buying process.