The Mortgage Connection

Sep 17th, 2013 | By | Category: The Mortgage Connection

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Are you waiting to get back in the market and not sure when the best time to pull the trigger is? Statically speaking, mortgage rates and housing prices are both starting to climb higher. NOW IS THE TIME TO BUY!!! Why wait when you can purchase with our FRESH START program NOW!!!

You can finance a Primary Residence immediately following a Short Sale or Foreclosure and as early as 6 months after a Bankruptcy! You must put twenty five percent down for this program and have a 600 credit score. Don’t have 25% down payment? That’s okay! Gift money is acceptable!

So ask yourself… Why wait? and Buy now!!
Foreclosure Short Sale or Modification Chapter 7 Bankruptcy Chapter 13 Bankruptcy
CONVENTIONAL 7 Years from Trustee Sale 2 Years with 20% Down
4 Years with 10% Down
7 Years for Full Eligibility
4 Years from Discharge or Dismissal Date 2 Years from Discharge Date 4 Years from Dismissal Date
FHA 3 Years from Trustee Sale 3 Years from Sale; **No waiting period IF no Lates on Short Sale Mortgage 2 Years from Discharge Date 1 Year of Payout with Satisfactory Payment Performance & Court Permission
VA 2 Years from Trustee Sale IF Short Sale involved a VA Loan, THEN treat as a foreclosure. Otherwise, NO additional guidelines 2 Years from Discharge Date 1 Year of Payout with Satisfactory Payment Performance & Court Permission

Please call for more details about this program or feel free to email: morgan@peoplesmortgage.com. Phone 520-954-7686. Visit my website at www.MikeMorgan.biz or read about our company at www.peoplesmortgage.com

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