Important Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction

March 28, 2010 by · Leave a Comment

Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing. If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan. Short Sales & Foreclosures – Short sales and foreclosures are everywhere. They often represent great […]

What’s The Difference Between A Primary Residence, Second Home and Investment Property?

March 28, 2010 by · Leave a Comment

When applying for a mortgage, a borrower’s “Occupancy Type” is a major factor in the amount of down payment required, loan program available and mortgage interest rate. Whether you are purchasing, doing a rate/term refinance or taking equity out of your property through a cash out refinance, occupancy type is always considered by the underwriter. […]