TYPES OF LOANS
Repeat buyers have their own unique challenges in the home buying process. For some, it may have been several years since going through the real-estate process and the thought is daunting. For others, it’s about moving closer to family, work or simply realizing they need more space.
A conversation regarding a potential move is exciting for a homeowner. Any potential mortgage specialist you choose to work with should have an open and in-depth discussion on the above areas to create an efficient timeline that’s convenient for you.
The guidelines in which people qualify for a mortgage have and continue to drastically change over the last few years. Protect yourself and have a conversation to ensure you’re looking in the right price range.
Do I need to sell my current property or can I keep it as an investment property?
Is my home ready to list on the market? If not, what work needs to be done?
What can I sell my home for?
Is my mortgage portable?
If I don’t port my mortgage, what penalties could I be looking at?
What purchase price amount can I get as a pre-approval?