Are You Upside Down on Your Mortgage?
 |
equity * Modify the loan, but no negative equity relief provided against the principal * Short refinance your loan, however very few lenders participate in this * Foreclosure, which prevents you from financing another home for 3+ years * Short sale your home, keep your payments current and possibly buy another home right away If you are currently in this situation and need to sell your home - you may qualify for a SHORT SALE & BUY PROGRAM! What are the BENEFITS of this program? * Your Realtor® and lenders do the work and the negotiations on your behalf - typically at no cost to you * Sell your home and eliminate the lost equity * Move into a new home for similar or less in monthly mortgage payments * Continue your dream of home ownership and the tax benefits of owning a home * No need to rent an apartment or house for the next 3+ years What are the QUALIFYING GUIDELINES? * No prior bankruptcies and/or foreclosures * Homeowner must qualify for the short sale with their existing lender * Short sale must serve as payment in full * Your current mortgage cannot be a FHA insured loan * No late payments on your mortgage or installment loans in the last 12 months * New home must be "inferior" to the home being short sold. No "trade ups" allowed under this program * Must meet FHA guidelines for credit, income and down payment for the new home loan Call The Wendling Team at (520) 240-5123 to schedule an appointment to discuss your options! | ||||||||
