identifying the most suitable loan for their financial requirements, including options like:
• Conventional loans: Ideal for refinancing with low fixed rates or adjustable rates for primary homes, secondary residences, or investment properties. • FHA loans: Streamlined refinance for existing FHA mortgage holders, with no appraisal and reduced documentation for qualified applicants. • VA loans: Simplified refinancing of your current VA mortgage into a lower-rate VA loan. • USDA loans: Offering a low-cost insured home mortgage refinancing option, allowing you to switch your current USDA loan to a new one with a lower rate.
KEY TAKEAWAYS: • Committing to a contract with a potential buyer
effectively takes your home off the market for a specific period. • During this contractual period, there's a risk that the buyer's financing may be declined, and you may lose out on other interested buyers. • A more prudent approach is to prequalify your buyer before signing any contract. I, as the author of this book, offer this valuable service for free and can even assist your buyer in identifying the right lending source.
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