“Selling Your Current Home Can Create Opportunity”
Good Evening/Morning Joe,
We are planning on putting in an offer on a home we looked at today. The offer is going to be for $480,000 with 5% down ($24,000). When you have the opportunity to send over the preapproval for this it would be appreciated. You will find the address included in the link.
Our current property went on deposit a couple of days ago and as you advised we will pay off all of our current obligations so the only payment we will have is our mortgage payment. Brilliant suggestion! We are truly looking forward to working with you again.
When I took this client through the pre-qualification process and we reviewed their current obligations and estimated the cash that will be coming from the sale of the current residence, it made sense to pay everything off. The result of paying all their other debts means they will be savings nearly $2000 per month.
The net result means that the interest that they will be paying is all tax deductible, not the case with their current obligations. Their overall monthly payment will be much less. A real win for my clients.