Niche Mortgage Products -- Sellers, Listing Agents, and Buyers....Listen Up!

I FINALLY got my new yard signs for a few niche programs that we are offering:

MORTGAGE MAKEOVER (we liked PIMP MY HOUSE but management wasn't going for it!)--Many homes out there need a new kitchen or a new roof......or both.  The seller may not want to do the improvements and sell the house "as is."  Many buyers have very little or no money to put into a purchase transaction so buying a house that needs a lot of work may not work for them.  Look no further--our Mortgage Makeover will allow the buyer to finance all of the improvements into the loan.  The buyer get a licensed builder and they submit the type and amount of imrpovements to us.  We give this "bid" do the appraiser and they appraise the house as if these items were completed. 

BUY THIS HOME WITH 6 MONTHS FREE:  Most transactions that I see come across the desk have some type of seller concessions whether it's 3%, 6%, etc.  On this program, the seller is agreeing to pay UP TO 6 months of the buyer's Principal and Interest payments (escrows are paid by the buyer).  It's a perfect program for someone who has a house to sell and are leary of having two mortgage payments.  As I stated before, many buyers have little or no money to work with so by not making any payments for 6 months, they have the money to buy furniture, carpet, etc. 

BELOW MARKET INTEREST RATES:  This program also requires 3% seller concession from the seller.  Let's say today's interest rate is 6.00% and we locked at this rate.  For the first year, the buyer's rate is 4%.  The second year, the rate increases to 5%.  For the remaining twenty-eight years (assuming a 30-year fixed), the rate is fixed at 6%.  This is a great tool for a first-time homebuyer who is afraid to purchase a home because of "payment shock."  It also alleviates the buyer who still has a home to sell. 

If you are a local agent or seller interested in these signs, please do not hesitate to ask.  If you are a buyer interested in any of these programs, give me a call.  I would be happy to assist you in your home-purchasing needs. 

Make it a great day!

~Santos