How will a short sale affect my credit?

Friday, July 9. 2010

How will a short sale affect my credit? How will a short sale affect my ability to buy another home?

These are common questions with seller's these days and here are some answers-

Currently with conventional financing you will have a waiting periods-

2 years is allowed with 80% loan to value ratios.

4 years is allowed with 90% loan to value ratios.

7 years is allowed with Ratios per the Eligibility Matrix.

For more information or questions on the affect of a short sale call-

Earl Schmidt- 425-330-9021 or email Earl at earls@networkhomeloans.com

Posted by Joshua Koffler in Features at 15:37 | Comments (0) | Trackbacks (0)

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