Financing in Boston>Question Details

Trulia Boston, Home Buyer in Boston, MA

What is the best way to refinance if you have been through a short sale in the last two years?

Asked by Trulia Boston, Boston, MA Thu Feb 28, 2013

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Mike Suffoletto’s answer
I assume if you went through a short sale you are refinancing a different property or purchasing new, correct? If so, a conventional loan will allow financing if you are 2 years from the short AND borrowing 80% of the value or less. You can also borrow up to 90% of the value after 2 years from the short sale if you can document that cause of the short sale to be an extenuating circumstance.
0 votes Thank Flag Link Thu Feb 28, 2013
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